USD JPY Technical Analysis March 7, 2019
The USD declined 0.10% against the JPY on Wednesday and closed at 111.75. Today in the European session while USD JPY technical analysis March 7, 2019 is preparing at 9:15 GMT, the USD/JPY trading at 111.70, which is 0.04% lower against JPY from yesterday’s close.
The pair is expected to find support at 111.60. And a fall through could take it to the next support level of 111.45. The pair is expected to find its first resistance at 111.90, and a rise through could take it to the next resistance level of 112.07. For today the expected trading range is between 111.45, Support and 112.07 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 111.60 Support 2: 111.45 Support 3: 111.30
Resistance Levels: Resistance 1: 111.90 Resistance 2: 112.07 Resistance 3: 112.22
USD/JPY Buying Opportunity for Intraday Trading March 7, 2019
Buy near the support area 111.60 and 111.45 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 7, 2019
Sell near the resistance area 111.90 and 112.07 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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