Expect buyers to come back soon | 07 Februari 2018
07 Februari 2018, USD/JPY
Technical Observation:
According to the weekly chart above, Usd is being supported by a key level 108.62, this is a key weekly supported and unless its clear breached to the lower side with a big red candle, I expect a bounce from it to pick another long position with my take profit at 114.64, if this line is breached, then I'll wait for a pullback to the just broken line to pick a short position towards 102.55 or even lower. On the way downwards, the key lines to look for include 105.40, 103.50 and 102.55
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