E 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

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