Sell Usd around 114.38 08 November 2017, USD/JPY

08 November 2017, USD/JPY

Technical Observation:

Also here, nothing has changed much, Usd is still dilly dallying around 114.38. I went short around 114.38 and is still holding onto this position. My expectations is that the price should continue to drop towards 108.25 or even lower. If you didn't short this pair yesterday, you could place a pending sell limit order around 114.38, with your stop loss above 114.79 and take profit at 108.25

Technical Levels

Resistance levels

R1: 114.36

R2: 114.63

R3: 115.32

Pivot

114.30

Support Levels

S1: 112.58

S2: 113.26

S3: 113.67

Trade Signal

Sell Usd around 114.38 with your stop loss above 114.79 and take profit at 108.25.

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