- Analytics
- Market analysis
- Technical Analysis
- USD/JPY is testing the MA (200) H1
USD/JPY is testing the MA (200) H1
Today, the USD/JPY pair is slightly higher in the Y103.50-70 range and is testing the MA (200) H1 (Y103. 55) moving average line. On the four-hour chart, the pair remains below MA (200) H4 (Y104. 15). Based on this, it is probably worth sticking to the southern direction in trading and, at the end of the correction, look for an exit point to sell. The most likely range of movement of the pair for today can be hidden within the range of Y103. 25-90.
⦁ Resistance levels are: Y103.90, Y104.15, Y104.60
⦁ Support levels are: Y103.25-35, Y102.90, Y102.00
The main scenario for the pair's promotion - correction, breakout of the area Y103.25-35 (December 16 and 21-23 lows) and may be a decline of the pair to Y102. 90 (December 17 low)
An alternative scenario - breakout of the resistance is Y103.90 (December 21 high) and there may be an increase in the pair to Y104.15 (December 15 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
