- Analytics
- Market analysis
- Technical Analysis
- The USD/JPY fell sharply
The USD/JPY fell sharply
Yesterday, the USD/JPY traded higher and closed the day in the positive territory around the price of 150.70. Today, on the contrary, the pair fell a little, dropping to the level of 149.70. On the hourly chart, USD/JPY is testing the strength of support - the moving average line MA (200) H1 (150.35). On the four-hour chart, the pair still remains above the MA 200 H4 line. Based on the above, it is probably worth sticking to the north direction in trading and while the pair remains above MA 200 H1, may be need to look for entry points to buy at the end of the correction.
- Resistances levels are at: 150.65, 150.85-90, 151.40
- Support levels are at: 149.70, 149.50, 149.20
Probably, the main scenario is the resumption of upward movement to 150.65 (session high).
The alternative scenario is final consolidation below MA 200 H1, followed by a fall to 149.50 (Feb 15 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
