First, we look into the previous day trade and what happened on July 19, 2018, and it opened at 112.837 and went high at 113.085 and gone low 112.191 and finally closed at 112.453. The calculated pivot point for the day is 112.576.

The difference between high and low was nearly 0.894 points and there was a good chance for a trader to take the opportunity between high to low levels and finally benefited.

Now the opportunity is, the pair is going from high to lower levels for few days due to dollar become weak due to various reasons. If EUR/USD goes high USD/JPY goes down and vice versa and watch two pairs for trading before entering into a trade. For many days, the range for this pair was moving between 109.360 to 114.740 levels. Hourly traders especially three-hour chart followers are waiting for an opportunity to buy at 112.551, 113.350 levels or sell at 112.179, 111.578 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

USDJPY FUNDAMENTALS TODAY

See the levels in the Chart and trade accordingly:

(Click on image to enlarge)