- Analytics
- Market analysis
- Technical Analysis
- USD/JPY is testing the support of the MA (200) H1
USD/JPY is testing the support of the MA (200) H1
Today, the USD/JPY pair is trading in the Y103.70-90 range and testing the MA (200) H1 (Y103.80) moving average line. On the four-hour chart, the situation is similar. Technically speaking, a strong resistance level of Y104. 20 can keep the pair from rising. If it breaks through, the price can soar to Y104. 40. The lower limit of Y103. 50 is the support level. If it is broken, the pair may fall to Y102. 95. The most likely range of movement of the pair for today may be hidden within the range of Y103. 50-104. 20.
⦁ Resistance levels are: Y103.90, Y104.20-40, Y104.60
⦁ Support levels are: Y103.50, Y102.95, Y102.60
The main scenario for the pair's promotion - breakout of support Y103.50 (January 13 low) and maybe a decline in the pair to Y102.95 (January 7 low)
An alternative scenario - correction and growth of the pair to Y104. 20-40 (January 11-12 and 14 lows)
© 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
