USDJPY – Down Technical Observation: Yesterday, Usd gaped higher but ended up closing around Friday’s opening price. Since Friday, nothing has changed much, we’re back to the same slot where we opened last Friday. I expect a rise towards the daily resistance line 114.00, and even a breakout above to continue long. This breakout is expected since the previous week’s candle is a perfect bullish engulfing candle and could push the price to the upper side towards 118.00 or even higher to 123.00. As it is on the daily chart above, I choose to remain flat. Technical Levels Resistance levels R1: 114.98 R2: 116.12 R3: 118.92 Pivot 112.50 Support Levels S1: 107.7 S2: 110.51 S3: 112.17 Trade Signal Flat
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