USD JPY Technical Analysis 26 April 2021
USD JPY Technical Analysis: The USD declined 0.08% against the JPY on Friday and closed at 107.87. Today in the Asian session, while USD JPY technical Analysis 28 December 2020 is preparing at 4:15 GMT, the USD/JPY trading at 107.68, which is 0.17% lower against JPY from yesterday’s close.
The pair is expected to find support at 107.50. And a fall through could take it to the next support level of 107.15 The pair is expected to find its first resistance at 108.12, and a rise through could take it to the next resistance level of 108.20. Today’s expected trading range is between 107.15, support and 108.50 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 107.50
Support 2: 10715
Support 3: 107.00
Important resistance levels:
Resistance 1: 108.12
Resistance 2: 108.20
Resistance 3: 108.50
USD/JPY buying opportunity for intraday trading on April 26, 2021
Buy near the support zones 107.50 and 107.15 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.
USD/JPY selling opportunity for intraday trading on April 26, 2021
Sell near the resistance zones 108.12 and 108.20 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.