NEWS: USD/JPY price is falling -0.3%. The ongoing retracement slide in the US Treasury bond yields dragged the US dollar back.
Possible Scenarios:
If USD/JPY fails to breach through S2 of 110.14, our Research Department expects the USD/JPY to undergo a short-term upward correction.
If USD/JPY manages to break below its S2 of 110.14, our Research Department expects the USD/JPY to extend its losses to its S3 of 109.975.
Support and Resistance Levels:
USD/JPY |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
109.975 |
110.140 |
110.306 |
110.527 |
110.748 |
110.914 |
111.079 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $94.99 |
(+/-) €80.29 |
(+/-) £68.65 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.18300
***GBP/USD = 1.38360
Calculations for exchange rate used as of 14:12 (GMT+1) 06/04/2021