- Analytics
- Market analysis
- Technical Analysis
- The USD/JPY pair rose above the MA (200) H1
The USD/JPY pair rose above the MA (200) H1
Today, the USD/JPY pair rose from Y104. 90 to Y105. 40 and rose above the MA (200) H1 (Y105.00) moving average line. On the four-hour chart, the pair remains above MA (200) H4 (Y104. 10). Technically speaking, Y105.65-75 represents the resistance level. If this level is passed, then prices may rise to Y106. 10. The lower limit of Y104. 90-105.00 represents the support level.
⦁ Resistance levels are: Y105.65-75, Y106.10, Y106.55
⦁ Support levels are: Y104.90-105.00, Y104.40-55, Y104.00
The main scenario for the pair's promotion - it is possible to continue the upward movement to Y105. 65-75 (February 5-8 highs).
An alternative scenario - correction and decline to Y104. 90-105. 00 (session low, MA (200) H1)
© 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
