03 Juli 2017, USD/JPY
Technical levels:
Recently, Usd rose almost 80 pips after a rejection from the support line 111.86. Unless 111.86 is clearly breached to the lowerside with a big red candle, I expect a rise towards 113.76 and even a breakout. on the 4 hour chart above, long positions seems more ideal and can be recommended while the price is still above 111.86. I may consider short positions if 111.86 is broken, but as it is, I hold onto a bullish sentiment on this pair
Technical Leves
Resistance levels
R1: 112.77
R2: 113.41
R3: 114.52
Pivot
112.29
Support Levels
S1: 110.06