USD JPY Technical Analysis March 12, 2019
The USD rose 0.06% against the JPY on Monday and closed at 111.20. Today in the European session while USD JPY technical analysis March 12, 2019 is preparing at 9:15 GMT, the USD/JPY trading at 111.33, which is 0.08% higher against JPY from yesterday’s close.
The pair is expected to find support at 110.95. And a fall through could take it to the next support level of 110.70. The pair is expected to find its first resistance at 111.55, and a rise through could take it to the next resistance level of 111.80. For today the expected trading range is between 110.95, Support and 111.55 Resistance.
The expected trend for today is Bulliish
Supports Levels: Support 1: 110.95 Support 2: 110.70 Support 3: 111.80
Resistance Levels: Resistance 1: 111.38 Resistance 2: 111.55 Resistance 3: 112.47
USD/JPY Buying Opportunity for Intraday Trading March 12, 2019
Buy near the support area 110.95 and 110.70 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 March 12, 2019
Sell near the resistance area 111.55 and 111.80 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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