NEWS: USDJPY price increased 0.2%. The USDJPY price increased on the back of a strong dollar.
Possible Scenarios:
If USDJPY fails to breach through R1 of 149.532, our Research Department expects the USDJPY to undergo a short- term downward correction.
If USDJPY manages to break above its R1 of 149.532, our Research Department expects the USDJPY to extend its gains to its R2 of 149.777.
Support and Resistance Levels:
USDJPY |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
148.385 |
148.631 |
148.876 |
149.204 |
149.532 |
149.777 |
150.023 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $67.03 |
(+/-) €63.6 |
(+/-) £55.22 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.05383
***GBP/USD = 1.21387
Calculations for exchange rate used as of Wednesday, September 27, 2023 GMT+1, 13:00: PM