USD JPY Technical Analysis August 20 2018
The USD declined 0.34% against the JPY on Friday and closed at 110.50. Today in the AEuropean session while EUR USD technical analysis august 20, 2018 is preparing at 9:45 GMT, the USD/JPY trading at 110.60, which is 0.09% higher against from yesterday’s close.
In Asia the Japal will not release any Economic Data, but the US will release United States Federal Reserve Exchange Rate: In line with market expectations in August 2018, the Fed placed its target range at 1.75% to 2% for the federal fund rate. Policymakers said that abor market continued to strengthen and that economic activity was increasing at a strong rate, suggesting a possible rate hike at its next meeting in September 2018.
USD JPY Technical Analysis August 20 2018.
The pair is expected to find support at 110.20. And a fall through could take it to the next support level of 109.88. The pair is expected to find its first resistance at 110.93. And a rise through could take it to the next resistance level of 111.35. For today the expected trading range is between 110.15, Support and 111.85 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 110.20 Support 2: 109.88 Support 3: 109.46
Resistance Levels: Resistance 1: 110.93 Resistance 2: 111,35 Resistance 3: 111.66
Previous day`s high: 111.04
Previous day`s low: 110.30
USD/JPY Buying Opportunity for Intraday Trading August 20, 2018
Buy near the support area 110.20 and 109.88 as soon as you get reversal candlesticks patterns like Hammer, Bullish Englufing, Long Leged Doji or Dragonfly Doji
USD/JPY Selling Opportunity for Intraday Trading August 20, 2018
Sell near the resistance area 110.93 and 111.35 as soon as you get reversal candlesticks patterns like Shooting Star, Bearish Englufing, Long Leged Doji or Gravestone Doji
EUR/USD Technical Analysis August 20, 2018
GBP/USD Technical Analysis August 20, 2018