The US dollar retain the advantage

The US dollar maintains a strong position in the market after the publication of data on unfinished sales in the real estate market in the United States. According to published data, the index of unfinished sales in the real estate market in September changed by 0.0%, against the decrease in August at the level of -2.8%.

Technical Analysis: Based on the strong US dollar position, the pair USD/JPY keeps growing potential, which allows to work out my yesterday’s recommendation on trade.

See https://esterholdings.com/en/2017/10/25/the-us-dollar-received-support-8/.

At the moment, the main resistance levels are the levels of 114.23 and 114.50. One should consider the resistance levels at the marks 113.32 and 113.10.

Fig. Current price USD/JPY – 113.79

Alexander Sivtsov