Wait and sell USD around 111.74 towards 110.69. | 19 Mei 2017
19 Mei 2017, USD/JPY
Technical Observation:
After plunging down on 17th of this month, USD is currently pulling back. I expect a rejection from 111.74 to short USD towards the support line 110.69. In case of a breakout above this resistance line, its wise to wait for retracements to the just broken line to buy USD towards the resistance line 112.54. On the Hourly chart above, wait and sell USD around 111.74 towards 110.69.
Technical levels: Resistance levels
R1: 111.42
R2: 111.5
R3: 111.73
Pivot Point111.28
Support Levels
S1: 110.82
S2: 111.05
S3: 111.19
Trade Signal Wait and sell USD around 111.74 towards 110.69.
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