- Analytics
- Market analysis
- Technical Analysis
- USD/JPY continues to decline yesterday
USD/JPY continues to decline yesterday
Yesterday, the USD/JPY was trading lower and closed the day in the red around the price of Y104.45. It also dropped slightly today, dropping to Y104.20. On the hourly chart, USD/JPY is still trading below the moving average MA (200) H1 (Y105.00). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the south direction in trading, and while the USD/JPY remains below MA 200 H1, it may be necessary to look for a sell entry point to form a correction.
Resistances levels are at: Y104.55, Y104.80, Y105.05
Support levels are at: Y104.00, Y103.50, Y103.10
Probably, the main scenario - is the continuation of the downward movement to Y104.00 (Sep 21 low). An alternative scenario - may be consolidation above MA 200 H1, followed by a rise to Y105.70 (Oct 20 high).
© 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
