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 4 March 2021

0

USD JPY Technical Analysis 4 March 2021

USD JPY Technical Analysis: The USD rose 0.30% against the JPY on Wednesday and closed at 107.00. Today in the Asian session, while USD JPY technical Analysis 28 December 2020 is preparing at 4:15 GMT, the USD/JPY trading at 107.12, which is 0.12% higher against JPY from yesterday’s close.

The pair is expected to find support at 106.92. And a fall through could take it to the next support level of 106.70 The pair is expected to find its first resistance at 107.20, and a rise through could take it to the next resistance level of 107.40. Today’s expected trading range is between 106.45, support and 107.40 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 106.92
Support 2: 106.70
Support 3: 106.45

Important resistance levels:

Resistance 1: 107.20
Resistance 2: 107.40
Resistance 3: 107.75

USD/JPY buying opportunity for intraday trading on March 4, 2021

Buy near the support zones 106.92 and 106.70 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 March 4, 2021

Sell near the resistance zones 107.20 and 107.40 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 4 March 2021
GBP/USD Technical Analysis 4 March 2021
USD/CAD Technical Analysis 4 March 2021

Leave A Reply

Your email address will not be published.