Forex Analysis Of USD/JPY For Wednesday, July 25

First, we look into the previous day trade and what happened on July 24, 2018, and the USD/JPY pair opened at 111.333 and went high at 111.506 and gone low 110.989 and finally closed at 111.192. The calculated pivot point for the day is 111.229.

The difference between high and low was nearly 0.517 points and there was a good chance for traders to take the opportunity between low to high levels and finally benefit.

Now, there is a new opportunity, from high to higher levels for a few days since the dollar become strong due to various reasons. If EURUSD goes high USDJPY goes down and vice versa and watch two pairs for trading before entering into a trade. For a few days, the range for this pair was moving between 109.360 to 114.740. Hourly traders especially three-hour chart followers are waiting for an opportunity to buy at 111.339, 111.578 levels or sell at 110.977, 110.000 levels to get maximum profit. 

LEVELS TO BE WATCHED FOR TRADERS FOR THEIR TRADING

EVENTS TO BE OBSERVED AT THESE TIMES TO TAKE MORE ADVANTAGE

USDJPY FUNDAMENTALS TODAY

See the levels in the Chart and trade accordingly:

(Click on image to enlarge)