Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro:USD/JPY trade idea

  • Demand zone – 108.65-109.15.
     
  • Major resistance – 109.45 (trend line joining 109.86 and 109.48, 38.2% retracement of 111.58 and 108.13).
     
  • USD/JPY has shown a jump for past two days after forming a bottom at 108.13. The pair made a high of 109.48 and slightly declined from that level. It is currently trading around 109.12.
     
  • Any break above 109.45 will take the pair till 109.86 (50% retracement of 111.58 and  108.13)/110.95 (23.6% retracement of 115.51 and 108.13).
     
  • On the lower side, minor support is around 108.72 and any break below will drag the pair till 108/107.30 (161.8% retracement of 109.48 and 108.13).

    It is good to buy above 109.45 with SL around 109 for the TP of 110/110.95

Resistance                                                                               

R1-109.45              

R2 -109.85

R3- 110.95

Support                   

S1-108.72

S2-108

S3-106.99

 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

April 28 21:00 UTC Released

MXFiscal Balance (Pesos)*

Actual

340.61 bln MXN

Forecast

Previous

-1.93 bln MXN

April 28 21:00 UTC Released

CNFiscal Balance (Pesos)*

Actual

340.61 bln MXN

Forecast

Previous

-1.93 bln MXN

April 30 01:00 UTC 9393m

CNNBS Non-Mfg PMI*

Actual

Forecast

Previous

55.10 %

April 30 01:00 UTC 9393m

CNNBS Manufacturing PMI*

Actual

Forecast

51.6 bln $

Previous

51.8 bln $

April 30 23:30 UTC 14431443m

AUAIG Manufacturing Index

Actual

Forecast

Previous

57.5 %

May 1 00:00 UTC 14731473m

KRExport Growth Prelim*

Actual

Forecast

15.3 %

Previous

13.6 %

May 1 00:00 UTC 14731473m

KRImport Growth Prelim*

Actual

Forecast

21.0 %

Previous

27.7 %

May 1 00:00 UTC 14731473m

KRTrade Balance Prelim*

Actual

Forecast

Previous

6.27 bln $

May 1 00:30 UTC 15031503m

USNikkei Mfg PMI

Actual

Forecast

Previous

52.8 %

May 1 00:30 UTC 15031503m

JPNikkei Mfg PMI

Actual

Forecast

Previous

52.8 bln $

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.