NEWS: USDJPY price is falling -0.9%. The Japanese Yen is strengthening and the US DOllar is weakening ahead of today’s Non-Farm Payroll and Unemployment Rate report for November in the United States
Possible Scenarios:
If USDJPY fails to breach through S2 of 133.771, our Research Department expects the USDJPY to undergo a short- term upward correction.
If USDJPY manages to break below its S2 of 133.771, our Research Department expects the USDJPY to extend its losses to its S3 of 133.189
Support and Resistance Levels:
USDJPY |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
133.189 |
133.771 |
134.354 |
135.131 |
135.907 |
136.490 |
137.073 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $94.99 |
(+/-) €90.14 |
(+/-) £77.33 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.05376
***GBP/USD = 1.22832
Calculations for exchange rate used as of 08:41 (GMT) 02/12/2022