JSH USD – Daily timeframe (Update from 28 Sept 16)
Current Sentiment: Bearish
Support 1: 34.25 Resistance 1: 36.00
Support 2: 33.39 Resistance 2: 36.50
Price marched along the uptrend accordingly after the last update and managed to break new highs.
However, after testing the 36.00 psychological resistance area, price was heavily rejected on 02/11/16, resulting in the appearance of a shooting star.
With this bearish price action, expect price to enter into a correction phase next to test 34.25 support area.
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