Are you in need of a solid currency pair that is growing slowly across the trading chart? Guess what now you can make some great Pips on the USD JPY currency pair now!
Here I will share what I believe that the USD JPY movement on the trading chart today. I will explain in details why this is going to happen.
USD/JPY Trading guidelines
- USD bullish levels continue to stay untouched by the ongoing trade war in the EU.
- Solid signs of stability are now growing roots in the economic thus making the JPY currency highly supportive.
According to DailyFX.com today the USD JPY currency pair is going to face a lot of bullish movement before breaching the 111.20 entry area. FX Empire analyzer James Hyerczyk thinks the USD JPY can spike up to 113 Handle if US CPI Beats Estimate.
Many USD/JPY analysts now believe that the currency pair is trading higher since the beginning of the trading week and most important it continues to stay untouched by the trade tensions in the European Union. The United Sates economy is always ready to support any outcome of a failed trade deal and we will not the USD down these days, it will continue to grow higher and higher.
USD JPY shows strong signs of stability
USD/JPY traders feel very confident because of the outstanding P.P.I. data released earlier today in the United States that has already managed to once again solidify its position for three more Fed rate hike moves all the way towards the end of the year.
The shared currency pair has just passed the 112.00 level and with strong signs of stability and the root of this stands the European Union trading markets which have been doing amazing work in keeping all actions as balanced as possible. On top of this the US treasury data came in the nick of time to help improve the trading sentiment and continued to stay as supportive as possible.
Let us know how do you feel about the strong data released earlier today in the US? Will the USD/JPY continue to gain ground?
Highest level = 112.55
Lowest level = 111.90
Our Trading Predictions
We advise you to
- Sell USD JPY 61%
- Buy USD JPY 39%
S3 = 109.70 S2= 110.23 S1 = 111.12
R1 = 113.25 R2 = 113.10 R3 = 112.85
USD/JPY significant trading levels
For the time being the USD/JPY shared currency pair is going upwards by a positive value of +48% and it is trading in the close vicinity of the 111.70 and it will be relying heavily on the 109.75 point followed close up by the 110.23 point and lastly ending with the 115.35 value.
We value your opinion very much. Let us know how you feel about our predictions?