USDJPY intraday technical analysis - 19/10/2018

USDJPY

112.467 / 112.471

SUMMARY

Up

TREND

Upward penetration

SENTIMENT

Bearish

VOLATILITY

Medium

MARKET ANALYSIS

Upwards scenario: USDJPY gained momentum on the upside, turning short-term bias to the positive side. Next resistive measure is seen at 112.73 (R1). Loss here would suggest our intraday targets at 113.05 (R2) and 113.33 (R3).
Downwards scenario: Market could test an important support level at 112.35 (S1) on the downside. Loss here would suggest next target at 112.05 (S2) and 111.75 (S3) in potential.

Resistance levels: 112.73, 113.05, 113.33

Support levels: 112.35, 112.05, 111.75