Easy Trading Tips offers free forex and commodities technical analysis, trading forecast, latest stock market, forex, commodities & business news, real time quotes, live charts, live markets data, economic calendar and many more.

USD JPY Technical Analysis 1 December 2020

0

USD JPY Technical Analysis 1 December 2020

USD JPY Technical Analysis: The USD rose 0.25% against the JPY on Monday and closed at 104.31. Today in the Asian session, while USD JPY technical Analysis 1 December 2020 is preparing at 4:45 GMT, the USD/JPY trading at 104.30, which is 0.02% lower against JPY from yesterday’s close.

The pair is expected to find support at 104.18. And a fall through could take it to the next support level of 103.95 The pair is expected to find its first resistance at 104.45, and a rise through could take it to the next resistance level of 104.55. Today’s expected trading range is between 104.18, support and 104.75 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 104.18
Support 2: 103.95
Support 3: 103.85

Important resistance levels:

Resistance 1: 104.45
Resistance 2: 104.55
Resistance 3: 104.75

USD/JPY buying opportunity for intraday trading on December 1, 2020

Buy near the support zones 104.18 and 103.95 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.

USD/JPY selling opportunity for intraday trading on December 1, 2020

Sell near the resistance zones 104.45 and 104.55 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.

EUR/USD Technical Analysis 1 December 2020
GBP/USD Technical Analysis 1 December 2020
USD/CAD Technical Analysis 1 December 2020

Leave A Reply

Your email address will not be published.