USD JPY Technical Analysis August 17 2018
The USD rose 0.13% against the JPY on Thursday and closed at 110.88. Today in the Asian session while EUR USD technical analysis august 17, 2018 is preparing at 7:45 GMT, the USD/JPY trading at 110.80, which is 0.07% lower against the JPY from yesterday’s close.
In Japan, data showed that the Japan posted a trade deficit of 231 billion yen in July of 2018, compared with a surplus of 407 billion yen in the same month last year, and the market consensus on a gap of 50 billion yen. Exports rose 3.9 percent to 6.75 trillion yen, after rising 6.7 percent in June and below expectations of a 6.3 percent rise. Meanwhile, imports jumped 14.6 percent to 6.98 trillion yen, up from 2.6 percent in June, slightly above the market consensus of 14.4 percent. The Japan’s trade balance averaged 364.26 billion yen from 1963 to 2018, reaching an all-time high of 1608.67 billion yen in September 2007 and hitting a record low of -2795.12 billion yen in January 2014.
In Asia the Japal will not release any Economic Data, but the US will release some Economic Data. Such as Prelim UoM Consumer Sentiment, CB Leading Index m/m and Prelim UoM Inflation Expectations.
USD JPY Technical Analysis August 17 2018.
The pair is expected to find support at 110.50. And a fall through could take it to the next support level of 110.15. The pair is expected to find its first resistance at 111.18. And a rise through could take it to the next resistance level of 111.48. Therefore the expected trading range for today is between 110.15, Support and 111.85
Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 110.50 Support 2: 110.15 Support 3: 109.85
Resistance Levels: Resistance 1: 111.18 Resistance 2: 111,48 Resistance 3: 111.85
Previous day`s high: 111.30
Previous day`s low: 11042