- Analytics
- Market analysis
- Technical Analysis
- USD/JPY remains above MA (200) H1
USD/JPY remains above MA (200) H1
Today, the USD/JPY pair is trading with a decrease from the maximum value since 1998 of Y145.00 to Y14290. On the hourly chart, the pair remains above the moving average line MA (200) H1 (Y142.60) and on the four-hour chart above MA (200) H4 (Y137.25). Technically speaking, the support of Y141.50 can keep prices from further decline. The upper bound of Y145.00 represents the resistance level.
⦁ Resistance levels are: Y145.00, Y146.00, Y147.00
⦁ Support levels are: Y142.60, Y141.50, Y139.85
The main scenario of the pair's promotion assumes growth to the psychological level of Y145.00 (September 7 high, session maximum)
An alternative scenario implies a breakthrough of MA (200) H1 (Y142.60) and there may be a decrease to Y141.50 (September 9 and 13 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
