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 16 June 2020

0

USD JPY Technical Analysis 16 June 2020

USD JPY Technical Analysis: The USD rose 0.01% against the JPY on Monday and closed at 107.35. Today in the European session while USD JPY technical Analysis 16 June 2020 is preparing at 5:45 GMT, the USD/JPY trading at 10750, which is 0.14% higher against JPY from yesterday’s close.

The pair is expected to find support at 107.00. And a fall through could take it to the next support level of 106.75 The pair is expected to find its first resistance at 107.60, and a rise through could take it to the next resistance level of 107.87. For today the expected trading range is between 107.00, Support and 108.17 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 107.00, Support 2: 106.75, Support 3: 106.50
Resistance Levels: Resistance 1: 107.60, Resistance 2: 107.87, Resistance 3: 108.17

USD/JPY Buying Opportunity for Intraday Trading 16 June 2020

Buy near the support area 107.00 and 106.75 as soon as you get reversal candlesticks patterns using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.

USD/JPY Selling Opportunity for Intraday Trading 16 June 2020

Sell near the resistance area 107.60 and 107.87 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.

EUR/USD Technical Analysis 16 June 2020
GBP/USD Technical Analysis 16 June 2020
USD/CAD Technical Analysis 16 June 2020

Leave A Reply

Your email address will not be published.