USDJPY – Down Technical Observation: USD is trading within an equilibrium range not going above 114.86, or below 108.62. While the price is within this range, I’m only interested in trading reversals, if the price break out of either of these lines, then I’ll wait for a pullback to the just broken line to go long. As it is on the weekly chart above, I expect a decline in price with my take profit at 108.62. My advise, if you did not go short based on the previous forecasts, you could resell usd now towards 108.62. Technical Levels Resistance levels R1: 110.86 R2: 111.17 R3: 111.74 Pivot 110.59 Support Levels S1: 109.44 S2: 110.02 S3: 110.28 Trade Signal sell usd now towards
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