First, we look into the previous day trade and what happened on July 25, 2018, and the USD/JPY pair opened at 111.188 and went high at 111.376 and gone low 110.687 and finally closed at 110.938. The calculated pivot point for the day is 111.000.

The difference between high and low was nearly 0.689 points and there was a good chance for traders to take the opportunity between low to high levels and to finally benefit.

Now, there is a new opportunity, the pair is going to lower levels for a few days due to the dollar becoming weak. If EURUSD goes high USDJPY goes down and vice versa. Watch the 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 levels. Hourly traders, especially three-hour chart followers are waiting for an opportunity to buy at 111.309, 111.578 levels or sell at 110.656, 110.000 levels, in order 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)