Hi Everyone, I hope you are doing well. Here is another trade idea for you.

The bid for safe-haven securities fired in the deficiency of economic developments of the USA. USDJPY dropped to trade at 112.00, as the market grew after the Tsunami alert. The high to low change settled at 170 pips with a high of 113.887 and a low of 112.253.

USD
• Prelim GDP q/q
Expectations: 3.0%
Previous: 2.9%

Support & Resistance Levels
R3: 113.7
R2: 113.08
R1: 112.7
Pivot Point: 112.08
S1: 111.46
S2: 111.08
S3: 110.46

Recommendation
(In Case of GDP Better than Expected)
Buy Above: 112.750
Take Profit
• 1st @ 113.10
Stop Loss @ 112.65

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