Forex Analysis Of USD/JPY For Friday, August 10
First, we look into the previous day trade and what happened on August 9, 2018, and it opened at 110.976 and went high at 111.180 and gone low 110.700 and finally closed at 111.074. The calculated pivot point for the day is 110.980.
The difference between high and low was nearly 0.480 points and there was a very good chance for a trader to take the opportunity between low to high levels and finally benefited.
The pair is going to high levels from support levels, and trader should cautious since it reached over sold region and buy at support levels for more profits. Four hour chart followers may consider buy at 111.50, 112.08 and sell at 110.400, 110.00 levels.
LEVELS TO BE WATCHED FOR TRADERS FOR THEIR TRADING
|
Level |
First Level |
Second Level |
Third Level |
|
Selling Level |
110.65 |
110.45 |
110.25 |
|
Buying Level |
111.25 |
111.45 |
111.65 |
EVENTS TO BE OBSERVED AT THESE TIMES TO TAKE MORE ADVANTAGE
USDJPY FUNDAMENTALS TODAY
|
GMT |
Event |
Actual |
Previous |
|---|---|---|---|
|
04:30 |
JPY Tertiary Industry Index (MoM) |
-0.5% |
0.2% |
|
12:30 |
USD Consumer Price Index Ex Food & Energy (MoM) |
0.2% |
|
|
12:30 |
USD Consumer Price Index Ex Food & Energy (YoY) |
2.3% |
|
|
12:30 |
USD Consumer Price Index (YoY) |
2.9% |
|
|
12:30 |
USD Consumer Price Index (MoM) |
0.1% |
|
|
12:30 |
USD Consumer Price Index n.s.a (MoM) |
251.989 |
|
|
12:30 |
USD Consumer Price Index Core s.a |
257.310 |
See the levels in the Chart and trade accordingly
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