USD JPY Technical Analysis October 9, 2018
The USD declined 0.49% against the JPY on Monday and closed at 113.21. Today in the European session while USD JPY technical analysis October 9, 2018 is preparing at 10:15 GMT, the USD/JPY trading at 113.15, which is 0.05% lower against JPY from yesterday’s close.
USD JPY technical analysis 9 October 2018
The pair is expected to find support at 112.70. And a fall through could take it to the next support level of 112.20. The pair is expected to find its first resistance at 113.83, and a rise through could take it to the next resistance level of 114.44. For today the expected trading range is between 112.20, Support and 113.83 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 112.70 Support 2: 112.20 Support 3: 111.60
Resistance Levels: Resistance 1: 113.83 Resistance 2: 114.44 Resistance 3: 114.95
USD/JPY Buying Opportunity for Intraday Trading October 9, 2018
Buy near the support area 112.70 and 112.20 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 9, 2018
Sell near the resistance area 113.83 and 114.44 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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