First, we look into the yesterday trade and what happened on July 10, 2018, and it opened at 110.816 and went high at 111.344 and gone to low at 110.763 and finally closed at 110.997. The calculated pivot point for the day is 110.035.

The difference between high and low was nearly 0.581 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 consolidation and sideways trade to higher levels for few days due to the trade war against China. If EURUSD goes high USDJPY 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 111.400. Hourly traders are waiting for an opportunity to buy at 111.50 level or sell at 110.30 to get maximum profit. Traders can watch lower levels since it went to an overbought region.  If Domestic Corporate Goods Price Index has an impact on this pair, Japan Yen become strong, traders should watch the effect on this pair today.

LEVELS TO BE WATCHED FOR TRADERS FOR THEIR TRADING

EVENTS TO BE OBSERVED AT THESE TIMES TO TAKE MORE ADVANTAGE

Traders can see the overall picture in this 4 hours charts, watch lower levels since it reached overbought region