USDJPY Technical Analysis

Analisys of pair USDJPY

if the 4 Hour close candle price breaks the Upper Resistance Area Limit (111.86), then get ready to look for the best Entry buy position.
If the price of the 4-hour close candle breaks the Lower Support Area (111.46), then prepare to look for the best sell entry position.

Cut Loss if the price of Close Candle 4 Hours is below the Lower Limit of the Resistance Area (<111.79) for the entry buy, and above the Upper Limit of the Area Support (> 111.53) for the sell entry. And do a minimum risk ratio of 1: 1.

And Pullback Setup for SELL positions:
The Pullback area uses the Resistance area, if the Close Candle 4 Hour price is in the pullback area, you can take a Sell position and do a Cut Loss if the Close Candle 4 Hour price is above the upper limit of the Pullback area (> 111.86). Use a minimum risk ratio of 1: 1 according to the way you trade.

And Setup Pullback for BUY position:
The Pullback area uses the Support area, if the Close Candle 4 Hour price is in the pullback area, you can take a Buy position and do a Cut Loss if the Close Candle 4 Hour price is below the lower limit of the Pullback area (<111.46). Use a minimum risk ratio of 1: 1 according to the way you trade

The US dollar was lower against the Japanese Yen on Monday.

USD / JPY traded at 109.88, down 0.03% in the Asian session.

The pair is likely to meet support at 109.71, today 's lowest and resistance at 111.69, Wednesday' s highest.

Meanwhile, the US Dollar rose against the Euro and the British Pound, with EUR / USD losing 0.10% to reach 1.1300 and GBP / USD declining 0.11% to 1.3195.

Today, USDJPY is technically a big trend, so good transactions today are looking for sell opportunities

Intraday Preferences: BEARISH

Reference Area: 108,645-109.133 (look for BEARISH signal confirmation)

Support: 107,856, 107,368, 107,067

Resistance: 108,645, 109,133, 109,922