USD JPY Technical Analysis February 7, 2019
The USD declined 0.01% against the JPY on Wednesday and closed at 109.93. Today in the European session while USD JPY technical analysis February 7, 2019 is preparing at 9:15 GMT, the USD/JPY trading at 109.90, which is 0.04% lower against JPY from yesterday’s close.
The pair is expected to find support at 109.65. And a fall through could take it to the next support level of 109.35. The pair is expected to find its first resistance at 110.15, and a rise through could take it to the next resistance level of 110.35. For today the expected trading range is between 109.15, Support and 110.15 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 109.65 Support 2: 109.35 Support 3: 109.15
Resistance Levels: Resistance 1: 109.15 Resistance 2: 110.35 Resistance 3: 110.65
USD/JPY Buying Opportunity for Intraday Trading February 7, 2019
Buy near the support area 109.65 and 109.35 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 February 7, 2019
Sell near the resistance area 110.15 and 110.35 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.