USD JPY Technical Analysis 29 June 2021
USD JPY Technical Analysis: The USD declined 0.15% against the JPY on Monday and closed at 110.61. Today in the Asian session, while USD JPY technical Analysis 29 June 2021 is preparing at 4:15 GMT, the USD/JPY trading at 110.57, which is 0.03% higher against JPY from yesterday’s close.
The pair is expected to find support at 110.45. And a fall through could take it to the next support level of 110.30 The pair is expected to find its first resistance at 110.90, and a rise through could take it to the next resistance level of 110.95. Today’s expected trading range is between 110.15, support and 111.10 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 110.45
Support 2: 110.30
Support 3: 110.15
Important resistance levels:
Resistance 1: 110.90
Resistance 2: 110.95
Resistance 3: 111.10
USD/JPY buying opportunity for intraday trading on June 29, 2021
Buy near the support zones 110.45 and 110.30 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 June 29, 2021
Sell near the resistance zones 110.90 and 110.95 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.