USD JPY Technical Analysis October 2, 2018

The USD rose 0.14% against the JPY on Monday and closed at 113.88. Today in the European session while USD JPY technical analysis October 2, 2018 is preparing at 10:45 GMT, the USD/JPY trading at 113.77, which is 0.09% lower against JPY from yesterday’s close.

In Asian session, data showed that the Japan’s consumer confidence index reached 43.4 in September 2018, almost unchanged from the previous month’s low of 43.3, higher than market expectations of 43.0. Households’ perceptions of income growth (up 0.1 to 41.9) and purchase intentions (up 0.4 to 42.4) have improved.

USD JPY technical analysis October 2, 2018

The pair is expected to find support at 113.50. And a fall through could take it to the next support level of 113.33. The pair is expected to find its first resistance at 114.07, and a rise through could take it to the next resistance level of 114.24. For today the expected trading range is between 113.42, Support and 114.21 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 113.70 Support 2: 113.50 Support 3: 113.33
Resistance Levels: Resistance 1: 114.07 Resistance 2: 114.24 Resistance 3: 114.42

Previous day`s high: 114.05
Previous day`s low: 113.68

USD/JPY Buying Opportunity for Intraday Trading October 2, 2018

Buy near the support area 113.50 and 113.33 as soon as you get reversal candlesticks patterns like Hammer, Bullish Englufing, Long Leged Doji or Dragonfly Doji, using stop loss 2 pips below the reversal candlestick & keep target equal to stop loss.

USD/JPY Selling Opportunity for Intraday Trading October 2, 2018

Sell near the resistance area 114.07 and 114.24 as soon as you get reversal candlesticks patterns like Shooting Star, Bearish Englufing, Long Leged Doji or Gravestone Doji, using stop loss 2 pips above the reversal candlestick & keep target equal to stop loss.

EUR/USD Technical Analysis October 2, 2018
GBP/USD Technical Analysis October 2, 2018
USD/CAD Technical Analysis October 2, 2018