- Analytics
- Market analysis
- Technical Analysis
- USD/JPY is trading near the 11-month high.
USD/JPY is trading near the 11-month high.
Today, the USD/JPY pair is trading in the range of 149.20-60 - near the 11-month high of 149.70 reached yesterday. On the hourly chart, the pair has moved above the H1 MA (200) H1 moving average line (148.35) and on the four-hour chart above the H4 MA (200) H4 (146.90). Technically speaking, resistance at 149.70 may keep prices from rising further. If this level is passed, the pair could rise to 152.00. The lower boundary of 147.30 represents a support level.
⦁ Resistance levels are: 149.70, 152.00, 153.00
⦁ Support levels are: 148.70, 147.30, 147.00
The main scenario for the pair suggests a break of resistance at 149.70 (Sept 27 high) and there could be a rise to 152.00 (Oct 21’ 2022 high).
The alternative scenario implies a break of support at 148.70 (Sept 26 low) and MA (200) H1 (148.35) and there could be a decline to 147.30 (Sept 21 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
