15 Maret 2018, USD/JPY
Technical observation
USD failed to pull back to the zone (108.06-107.78) as predicted yesterday, instead, it is rallying towards the key line 105.52 and I expect a breakout below it and a further decline In price towards the lower support line 102.85 or even lower to 100.07 if price breaks below 102.85 , my advice, wait for a break out below 105.52 and a correction to it to the continue short with USD with your first take profit at 102.85 and the next at 100.07 and your stop loss around 106.48.If there’s a clear break out above 108.06,wait for a correction to it before you buy USD.The key lines to look for on this chart are;105.52,102.85 and 100.07.
Technical levels
Resistance levels
R1.106.68
R2.106.92
R3.107.34
Pivot
106.9
Support levels
S1.106.26
S2.106.08
S3.105.55
Trade signal
Wait for a break out below 105.25 to short USD with your take profit at 102.85 and stop loss around 106.48.