- Analytics
- Market analysis
- Technical Analysis
- USD/JPY is trading near a 9-month high
USD/JPY is trading near a 9-month high
Today, the USD/JPY pair is mostly down from 146.40 to 145.50, but remains near the 9-month high of 146.60 reached on Friday. On the hourly chart, the pair may test the strength of the H1 MA (200) H1 moving average line (145.40) and remains above the H4 MA (200) H4 (142.20) on the four-hour chart. Technically speaking, the 144.95 support level may keep prices from further declines. If broken, prices could fall to 144.40. The upper boundary of 146.60 represents a strong resistance level.
⦁ Resistance levels are: 146.60, 147.65, 148.95
⦁ Support levels are: 144.95. 144.40, 143.25
The main scenario for the pair suggests a break of resistance at 146.60 (Aug 17 high) and a possible rise to 147.65 (Nov 7’2022 high)
The alternative scenario implies a break of the support at 144.95 (Aug 18 low) and a decline to 144.40 (August 11 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
