NEWS: USDJPY price is falling 2.7% as the BoJ said it will intervene in the Yen.
Possible Scenarios:
If USDJPY fails to breach through S1 of 155.08, our Research Department expects the USDJPY to undergo a short- term upward correction.
If USDJPY manages to break below its S1 of 155.08, our Research Department expects the USDJPY to extend its losses to its S2 of 154.77.
Support and Resistance Levels:
USDJPY |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
154.46 |
154.77 |
155.08 |
155.50 |
155.92 |
156.23 |
156.54 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $64.29 |
(+/-) €59.96 |
(+/-) £51.32 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.07228
***GBP/USD = 1.25269
Calculations for exchange rate used as of Monday, April 29, 2024, 08:23 GMT+1