NEWS: The USDJPY is increasing 0.7% ahead of Trump’s speech today at 15:00 GMT+1
Possible Scenarios:
If USDJPY fails to breach through Reference Price of 144.76, our Research Department expects the USDJPY to undergo a short- term downward correction.
If USDJPY manages to break above its Reference Price of 144.76, our Research Department expects the USDJPY to extend its gains to its R1 of 145.52.
Support and Resistance Levels:
USDJPY |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
142.86 |
143.43 |
144.00 |
144.76 |
145.52 |
146.09 |
146.66 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $68.99 |
(+/-) €61.15 |
(+/-) £51.98 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.12824
***GBP/USD = 1.32739
Calculations for exchange rate used as of Thursday, May 8, 2025, 11:15 GMT+1