USD JPY Technical Analysis 1 July 2021
USD JPY Technical Analysis: The USD rose 0.51% against the JPY on Tuesday and closed at 111.10. Today in the Asian session, while USD JPY technical Analysis 1 July 2021 is preparing at 4:15 GMT, the USD/JPY trading at 111.57, which is 0.43% higher against JPY from yesterday’s close.
The pair is expected to find support at 111.00. And a fall through could take it to the next support level of 110.90 The pair is expected to find its first resistance at 111.60, and a rise through could take it to the next resistance level of 111.90. Today’s expected trading range is between 110.75, support and 112.20 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 111.00
Support 2: 110.90
Support 3: 110.75
Important resistance levels:
Resistance 1: 111.60
Resistance 2: 111.90
Resistance 3: 112.20
USD/JPY buying opportunity for intraday trading on July 1, 2021
Buy near the support zones 111.00 and 110.90 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 July 1, 2021
Sell near the resistance zones 111.60 and 111.90 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.