- Analytics
- Market analysis
- Technical Analysis
- USD/JPY has reached a record high
USD/JPY has reached a record high
Today, the USD/JPY pair rose from Y142.65 to Y144.90, reaching a record high. On the hourly chart, the pair was fixed above the moving average line MA (200) H1 (Y139.75) and on the four-hour chart - above MA (200) H4 (Y136.20). Technically speaking, the psychological level Y145.00 can keep prices from further growth. The lower bound of Y139.75-90 represents the support level.
It is worth noting that the 14-day relative strength index (RSI (14) on D1) is above the level of 70, which signals a possible change in the direction of price movement.
⦁ Resistance levels are: Y145.00, Y146.00, Y147.00
⦁ Support levels are: Y142.65, Y139.75-90, Y138.90
The main scenario of the pair's promotion assumes the growth of the pair to the psychological level of Y145.00
An alternative scenario implies a breakout of the session minimum of Y142.65 and there may be a decline to Y139.75-90 (September 2 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
