USD JPY Technical Analysis November 8, 2018
The USD rose 0.28% against the JPY on Wednesday and closed at 113.48. Today in the European session while USD JPY technical analysis November 8, 2018 is preparing at 8:45 GMT, the USD/JPY trading at 113.65, which is 15% higher against JPY from yesterday’s close.
The pair is expected to find support at 113.00. And a fall through could take it to the next support level of 112.54. The pair is expected to find its first resistance at 113.88, and a rise through could take it to the next resistance level of 114.28. For today the expected trading range is between 113.00, Support and 114.28 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 113.00 Support 2: 112.54 Support 3: 112.14
Resistance Levels: Resistance 1: 113.88 Resistance 2: 114.28 Resistance 3: 114.74
USD/JPY Buying Opportunity for Intraday Trading November 8, 2018
Buy near the support area 113.00 and 112.54 as soon as you get reversal candlesticks patterns using stop loss 4 pips below the reversal candlestick & keep target equal to stop loss.
USD/JPY Selling Opportunity for Intraday Trading November 8, 2018
Sell near the resistance area 113.88 and 114.28 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.