Today, the USD/JPY pair is trading in the 149.25-70 range, hitting a near 3-month high. On the hourly chart, USD/JPY has risen above the H1 MA (200) H1 (148.40) moving average line and on the four-hour chart above the H4 MA (200) H4 (146.40). Technically speaking, the resistance level at 149.70 may keep prices from rising further. In case it is broken, the pair may rise to 150.00. The lower boundary of 147.60 represents a support level.
⦁ Resistance levels are: 149.70, 150.00, 151.45
⦁ Support levels are: 148.90, 148.40, 147.60
The main scenario for the pair suggests a break of the session high of 149.70 and may be a rise to 150.00 (Nov 20 high).
The alternative scenario implies a break of support at 1148.90 (Feb 12 low) and MA (200)Н1 (148.40) and may be down to 147.60 (Feb 7 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.