First, we look into the previous day trade and what happened on July 16, 2018, and it opened at 112.195 and went high at 112.555 and gone low 112.183 and finally closed at 112.275. The calculated pivot point for the day is 112.337.

The difference between high and low was nearly 0.372 points and there was a good chance for a trader to take the opportunity between low to high levels and finally benefited.

Now the opportunity is, from high to higher levels for few days due to dollar become strong and little impact of events. If EUR/USD goes high USD/JPY goes down and vice versa and watch two pairs for trading before entering into trade. For many days the range for this pair was between 109.360 to 114.740. Hourly traders especially one-hour chart followers are waiting for an opportunity to buy at 112.361, 112.551 levels or sell at 112.228, 111.861 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

See the levels in the chart when traders enter into trade