USD JPY Technical Analysis October 22, 2018
The USD rose 0.31% against the JPY on Friday and closed at 112.17. Today in the European session while USD JPY technical analysis October 22, 2018 is preparing at 10:45 GMT, the USD/JPY trading at 112.70, which is 0.47% higher against JPY from yesterday’s close.
USD JPY technical analysis 22 October 2018
The pair is expected to find support at 112.22. And a fall through could take it to the next support level of 111.92. The pair is expected to find its first resistance at 112.94, and a rise through could take it to the next resistance level of 113.24. For today the expected trading range is between 112.22, Support and 112.94 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 112.22 Support 2: 111.92 Support 3: 111.72
Resistance Levels: Resistance 1: 112.73 Resistance 2: 112.94 Resistance 3: 113.24
USD/JPY Buying Opportunity for Intraday Trading October 22, 2018
Buy near the support area 112.22 and 111.92 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 October 22, 2018
Sell near the resistance area 112.94 and 113.24 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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