- Analytics
- Market analysis
- Technical Analysis
- USD/JPY is trading near its highest value since 1998
USD/JPY is trading near its highest value since 1998
Today, the USD/JPY pair is trading in the range Y140.10-60, near the maximum value since 1998 (Y140.80), reached on Friday. On the hourly chart, the pair remains above the moving average line of MA (200) H1 (Y138.45) and on the four-hour chart - above MA (200) H4 (Y135.80). Technically speaking, the psychological level of Y141.00 can keep prices from further growth. The lower bound of Y138.05 represents the support level.
⦁ Resistance levels are: Y140.50, Y141.00, Y142.00
⦁ Support levels are: Y139.85, Y139.05, Y138.05
The main scenario of the pair's promotion assumes resistance of Y140.80 (September 2 high) and there may be an increase to the psychological level of Y141.00
An alternative scenario implies a breakout of support for Y139.90 (September 1 low) and there may be a decline to Y139.05 (August 30 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
