NEWS: The USDJPY is falling 0.5 % to hit the lowest level in the last three days after the report showed retail sales in the US in January fell more than expected.
Possible Scenarios:
If USDJPY fails to breach through S1 of 151.91, our Research Department expects the USDJPY to undergo a short- term upward correction.
If USDJPY manages to break below its S1 of 151.91, our Research Department expects the USDJPY to extend its losses to its S2 of 151.45
Support and Resistance Levels:
USDJPY |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
151.00 |
151.45 |
151.91 |
152.52 |
153.13 |
153.59 |
154.04 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $65.73 |
(+/-) €62.63 |
(+/-) £52.14 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD= 1.04944
***GBP/USD= 1.26048
Calculations for exchange rate used as of Friday, February 14, 2025, 14:00 (GMT)