First, we look into the previous day trade and what happened on July 23, 2018, and the USD/JPY pair opened at 111.373 and went high at 111.535. and gone low 110.743 and finally closed at 111.340. The calculated pivot point for the day is 111.206.

The difference between high and low was nearly 1.234 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 due to the dollar becoming strong and the trade war with China. If the EURUSD goes high, the USDJPY goes down and vice versa. Watch the two pairs before entering into the trade. For many days the range for this pair was between 109.360 to 114.740. Hourly traders especially three-hour chart followers are waiting for an opportunity to buy at 111.578, 112.073 levels or sell at 111.262, 110.977 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)