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USD JPY Technical Analysis November 12, 2018

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USD JPY Technical Analysis November 12, 2018

The USD declined 0.21% against the JPY on Friday and closed at 113.81. Today in the European session while USD JPY technical analysis November 12, 2018 is preparing at 9:45 GMT, the USD/JPY trading at 114.10, which is 25% higher against JPY from yesterday’s close.

The pair is expected to find support at 113.60. And a fall through could take it to the next support level of 113.40. The pair is expected to find its first resistance at 114.28, and a rise through could take it to the next resistance level of 114.50. For today the expected trading range is between 113.60, Support and 114.50 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 113.60 Support 2: 113.40 Support 3: 113.15
Resistance Levels: Resistance 1: 114.05 Resistance 2: 114.28 Resistance 3: 114.50

USD/JPY Buying Opportunity for Intraday Trading November 12, 2018

Buy near the support area 113.60 and 113.40 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 November 12, 2018

Sell near the resistance area 114.28 and 114.50 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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