NEWS: The USDJPY price is falling -1.2% following better than expected Services PMI from Japan
Possible Scenarios:
If USDJPY fails to breach through S2 of 152.20, our Research Department expects the USDJPY to undergo a short- term upward correction.
If USDJPY manages to break below its S2 of 152.20, our Research Department expects the USDJPY to extend its losses to its S3 of 151.78
Support and Resistance Levels:
USDJPY |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
151.78 |
152.20 |
152.62 |
153.17 |
153.73 |
154.14 |
154.56 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $65.49 |
(+/-) €62.92 |
(+/-) £52.28 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD= 1.04095
***GBP/USD= 1.25270
Calculations for exchange rate used as of Wednesday, February 5, 2025, 10:20 GMT