15 Februari 2018, USD/JPY
Technical observation
Recently, the pair on the daily chart above bro below a key support line108.55 and went down. Currently price is still rallying below it towards the key line 105.78.I expect a possible rejection of it at the line and a correction of price to the just broken support line 108.55 and a decline in price towards 105.78 or even lower to 102.69.If price does not get corrected from 105.78 and instead breaks down below it then I would advise you wait for a pull back to it before sell USD with your take profit at 102.69.Right now wait for a retracement to 108.55.
Technical levels
Resistance levels
R1.109.39
R2.109.99
R3.111.25
Pivot
108.80
Support levels
S1.108.13
S2.107.45
S3.106.19
Trade signal
Wait for a retracement to 108.55 then sell USD with your take profit at 105.78 and stop loss at 109.77