Technical Analysis
10.07.2023, 11:52

USD/JPY is trading near a 2-week low

Today, the USD/JPY pair is trading in the range of Y142.10-143.00 - near the 2-week low reached on Friday. On the hourly chart, the pair dipped below the H1 MA (200) H1 moving average line (Y144.15), but remains above the H4 MA (200) H4 (Y141.50) on the four-hour chart. Technically speaking, Y141.60 support may keep prices from further declines. The upper boundary of Y144.15-20 represents a resistance level.


Resistance levels are: Y143.00, Y144.15-20, Y144.75

Support levels are: Y142.10, Y141.60, Y141.20


The main scenario for the pair suggests growth to Y144.15-20 (July 7 high, MA (200) H1).

The alternative scenario implies a break of support at Y142.10 (July 7 low) and may be a decline to Y141.60 (June 22 low).


Quotes
Symbol Bid Ask Time
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

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