- Analytics
- Market analysis
- Technical Analysis
- USD/JPY is trading near 4-week high
USD/JPY is trading near 4-week high
Yesterday the USD/JPY was trading higher and closed the day in positive territory around the Y103.80. Today it was trading in a narrow range of Y103.75-00, staying close to a 4-week high. On the hourly chart, USD/JPY has broken through and consolidated above the MA line (200) H1 (Y103.25). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the northern direction in trading, and while the USD/JPY remains above MA 200 H1, it may be necessary to look for buy entry points to form a correction.
Resistances levels are at: Y104.00-15, Y104.55-70, Y105.10
Support levels are at: Y103.50, Y102.95, Y102.60
Probably, the main scenario - is the continuation of the upward movement to Y104.00 (session low). An alternative scenario - may be consolidation below MA 200 H1, followed by a decline to Y102.60 (Jan 6 low).
© 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
