USD/JPY trades higher it’s trend line support level of 103.650 also it is very apparent to trade in a daily range of 103.62 – 104.150. Overall, the support prevails at 103.250, at 102.70 and near 102.41. Though, the Resistance prevails at 104.100 and also around the 105.50 level.

Fundamentals:

USD:

Core Retail Sales m/m (Better than expected figure will make the USDJPY bullish)
Expectation: 0.4%
Previous: -0.1%

Technical Levels:

R3: 106.37
R2: 105.17
R1: 104.67
Pivot Point: 103.97
S1: 103.48
S2: 102.77
S3: 101.56

Recommendation:

1) Good to Buy Above 103.80
SL: 103.50
TP: 104.44

One thought on “Scalp Alert USDJPY – US Core Retail Sales m/m”

  1. Twood Males says:

    cool mate take profit hit on this trade
    i specially want to thank you

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