USD JPY Technical Analysis September 28, 2018
The USD rose 0.57% against the JPY on Thursday and closed at 113.35. Today in the European session while USD JPY technical analysis September 28, 2018 is preparing at 10:15 GMT, the USD/JPY trading at 113.37, which is 0.01% higher against JPY from yesterday’s close.
In Asian session, data showed that the Japan’s unemployment rate fell slightly from 2.5% in the previous month to 2.4% in August 2018, slightly below market expectations of 2.5%. At the same time, the ratio of employment to applicants was 1.63, which was the same as in July and reached a consensus. It is still the highest level since January 1974.
USD JPY technical analysis September 28, 2018
The pair is expected to find support at 112.78. And a fall through could take it to the next support level of 112.22. The pair is expected to find its first resistance at 113.70, and a rise through could take it to the next resistance level of 113.00. For today the expected trading range is between 112.78, Support and 114.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 112.78 Support 2: 112.22 Support 3: 111.88
Resistance Levels: Resistance 1: 113.70 Resistance 2: 114.00 Resistance 3: 114.60
Previous day`s high: 112.45
Previous day`s low: 112.55
USD/JPY Buying Opportunity for Intraday Trading September 28, 2018
Buy near the support area 112.78 and 112.22 as soon as you get reversal candlesticks patterns like Hammer, Bullish Englufing, Long Leged Doji or Dragonfly Doji, using stop loss 2 pips below the reversal candlestick & keep target equal to stop loss.
USD/JPY Selling Opportunity for Intraday Trading September 28, 2018
Sell near the resistance area 113.70 and 114.00 as soon as you get reversal candlesticks patterns like Shooting Star, Bearish Englufing, Long Leged Doji or Gravestone Doji, using stop loss 2 pips above the reversal candlestick & keep target equal to stop loss.
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