- Analytics
- Market analysis
- Technical Analysis
- USD/JPY is trading near a six-month high
USD/JPY is trading near a six-month high
Today, the USD/JPY pair is trading mainly with growth in the range of Y106. 35-75-about a six-month high. On the hourly chart, the pair rose above the moving average line MA (200) H1 (Y105. 80) and on the four-hour chart, it is trading above MA (200) H4 (Y104.80). In this situation, it is probably worth sticking to the north direction in trading and looking for exit points to buy.
⦁ Resistance levels are: Y106.95-107.05, Y107.50, Y107.80
⦁ Support levels are: Y106.20-35, Y105.80, Y105.20
The main scenario for the pair's promotion - growth to Y106. 95-107. 05 (August 12-14 and 28 highs) and then maybe to Y107. 50 (July 20 high).
An alternative scenario - correction and may be reduced to Y105. 80 (February 25-26 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
