Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

USD/JPY Trade Idea

  • Potential reversal Zone -122.80 (trend line joining 120.25 and 122.22)
     
  • The pair has broken this level and declined till 122.62 and is currently trading around 122.75
     
  • Intraday trend is positive as long as resistance 123.20 holds.
     
  • Any break above 123.20 will take the pair to new level 123.75/124.15.
     
  • On the downside support is at 122.48 and break below targets 122/121.50.

It is good to sell on rallies around 122.85-90 with SL around 123.21 for the TP of 122/121.50.                         

R1-123.20

 R2-123.60

R3-124.15

Support

S1- 122.48

S2-122

S3-121.50

 

  • Market Data
Close

Welcome to EconoTimes

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