- Analytics
- News and Tools
- Market News
- USD/JPY Price Analysis: Bulls are eyeing the 136s for the near future
USD/JPY Price Analysis: Bulls are eyeing the 136s for the near future
- USD/JPY is meeting the strat of a resistance area around 135.70/00.
- Bulls remain focused on the 136 area for the next sessions.
USD/JPY has had a good run on the day, bursting up into the 135.70s. The market is trending back up into the start of May´s sell-off and a resistance area while being on the front side of the bullish trendline as the following analysis will show:
USD/JPY daily charts
Bulls are testing the prior bullish trendline that would now be expected to act as counter-trend line resistance.
On closer inspection, we can see there could be room to the 136s.
In any case, we have a support area between 135.20/50.
USD/JPY H4 chart
The rally could be regarded as a touch over-extended so late in the day and this may have run its course into the close.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
