USD JPY Technical Analysis April 16, 2019

USD JPY Technical Analysis: The USD rose 0.06% against the JPY on Monday and closed at 112.02. Today in the European session while USD JPY technical analysis April 16, 2019 is preparing at 9:15 GMT, the USD/JPY trading at 111.90, which is 0.10% lower against JPY from yesterday’s close.

The pair is expected to find support at 111.78. And a fall through could take it to the next support level of 111.70. The pair is expected to find its first resistance at 112.12, and a rise through could take it to the next resistance level of 112.20. For today the expected trading range is between 111.70, Support and 112.20 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 111.90 Support 2: 111.78 Support 3: 111.70
Resistance Levels: Resistance 1: 112.12 Resistance 2: 112.20 Resistance 3: 112.32

USD/JPY Buying Opportunity for Intraday Trading April 16, 2019

Buy near the support area 111.78 and 111.70 as soon as you get reversal candlesticks patterns using stop loss 4 pips below the reversal candlestick & keep target equal to stop loss.

USD/JPY Selling Opportunity for Intraday Trading April 16, 2019

Sell near the resistance area 112.12 and 112.20 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.

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