NEWS: USDJPY price is falling -0.5% after reaching its highest since 1990.
Possible Scenarios:
If USDJPY fails to breach through S2 of 151.06, our Research Department expects the USDJPY to undergo a short- term upward correction.
If USDJPY manages to break below its S2 of 151.06, our Research Department expects the USDJPY to extend its losses to its S3 of 150.80
Support and Resistance Levels:
USDJPY |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
150.80 |
151.06 |
151.32 |
151.67 |
152.02 |
152.28 |
152.54 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $66.14 |
(+/-) €61.03 |
(+/-) £52.35 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD= 1.08369
***GBP/USD= 1.26344
Calculations for exchange rate used as of Wednesday, March 27, 2024, 09:30 GMT