USD JPY Technical Analysis September 26, 2018

The USD rose 0.15% against the JPY on Tuesday and closed at 112.96. Today in the European session while USD JPY technical analysis September 26, 2018 is preparing at 10:15 GMT, the USD/JPY trading at 112.90, which is 0.05% lower against JPY from yesterday’s close.

When the US market opens, some economic data will release such us New home sales, crude oil inventories, FOMC economic forecasts, Federal Open Market Committee statement, federal funds rate,

USD JPY technical analysis September 26, 2018

The pair is expected to find support at 112.80. And a fall through could take it to the next support level of 112.65. The pair is expected to find its first resistance at 113.05, and a rise through could take it to the next resistance level of 113.13. For today the expected trading range is between 112.65, Support and 113.13 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 112.80 Support 2: 112.65 Support 3: 112.57
Resistance Levels: Resistance 1: 113.05 Resistance 2: 113.13 Resistance 3: 113.29

Previous day`s high: 112.82
Previous day`s low: 112.41

USD/JPY Buying Opportunity for Intraday Trading September 26, 2018

Buy near the support area 112.80 and 112.65 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 September 26, 2018

Sell near the resistance area 113.05 and 113.13 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.

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