- Analytics
- Market analysis
- Technical Analysis
- USD/JPY is testing the MA (200) H1.
USD/JPY is testing the MA (200) H1.
Today, the USD/JPY pair traded mostly in the 149.40-75 range and held near the key 150 level. The pair briefly declined to 148.70, but soon regained positions. On the hourly chart, the pair tested the moving average line MA (200) H1 (149.05). On the four-hour chart, USD/JPY remains above the MA (200) H4 (148.10). Technically speaking, the resistance at 150.15 may keep prices from rising further. If this level is passed, the pair could rise to 152.00. The lower boundary of 148.15 represents a support level.
⦁ Resistance levels are: 149.85, 150.15, 152.00
⦁ Support levels are: 148.95, 148.15, 147.30
The main scenario of the pair's advance suggests a break of resistance at 149.85 (Oct 12-13 high) and there could be a rise to 150.15 (Oct 3 high).
The alternative scenario implies a break of support at 148.95 (Oct 12 low) and a decline to 148.15 (Oct 10 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
