- Analytics
- Market analysis
- Technical Analysis
- USD / JPY remains above MA (200) Н1
USD / JPY remains above MA (200) Н1
Today, the USD/JPY pair is trading mainly with growth in the range of Y103.50-104.00, after falling during yesterday's US trading from Y104.30 to Y103.70. On the hourly chart, USD / JPY is trading above the moving average line of MA (200) H1 (Y103. 50), and on the four-hour chart it is testing MA (200) H4 (Y103.80). Technically speaking, a strong resistance level of Y104.40 can keep the pair from further growth. If it breaks through, the price may soar to Y104. 60-75. The most likely range of movement of the pair for today can be hidden within the existing range Y103. 50-104. 00
⦁ Resistance levels are: Y104.00, Y104.40, Y104.60-75
⦁ Support levels are: Y103.50, Y102.95, Y102.60
The main scenario for the pair's promotion - breakout of the session high of Y104. 00 and the pair's growth to Y104. 40 (January 11 high)
An alternative scenario - breakout of the session low and MA (200) H1 (Y103, 50) and, perhaps, the pair's decline to Y102. 95 (January 7 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
