USD JPY Technical Analysis November 7, 2018
The USD rose 0.20% against the JPY on Tuesday and closed at 113.41. Today in the European session while USD JPY technical analysis November 7, 2018 is preparing at 8:45 GMT, the USD/JPY trading at 113.17, which is 21% lower against JPY from yesterday’s close.
The pair is expected to find support at 113.73. And a fall through could take it to the next support level of 112.92. The pair is expected to find its first resistance at 113.58, and a rise through could take it to the next resistance level of 113.74. For today the expected trading range is between 112.93, Support and 113.74 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 113.17 Support 2: 112.93 Support 3: 112.77
Resistance Levels: Resistance 1: 113.58 Resistance 2: 113.74 Resistance 3: 113.98
USD/JPY Buying Opportunity for Intraday Trading November 7, 2018
Buy near the support area 113.73 and 112.93 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 7, 2018
Sell near the resistance area 113.58 and 113.74 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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