NEWS: USD/JPY price increased 0.2%. The pair is moving higher due to momentum after breaching the psychological 110 level.
Possible Scenarios:
If USD/JPY fails to breach through R1 of 110.663, our Research Department expects the USD/JPY to undergo a short-term downward correction.
If USD/JPY manages to break above its R1 of 110.663, our Research Department expects the USD/JPY to extend its gains to its R2 of 110.846.
Support and Resistance Levels:
USD/JPY |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
109.811 |
109.994 |
110.177 |
110.420 |
110.663 |
110.846 |
111.029 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $94.99 |
(+/-) €79.82 |
(+/-) £68.37 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.19000
***GBP/USD = 1.38934
Calculations for exchange rate used as of 14:50 (GMT+1) 22/06/2021