- Analytics
- Market analysis
- Technical Analysis
- USD/JPY fell below the MA (200) H1.
USD/JPY fell below the MA (200) H1.
Today, the USD/JPY pair is mostly declining from 150.10 to 149.35 and on the hourly chart, the pair fell slightly below the MA (200) H1 (150.35) moving average line. On the four-hour chart, the pair remains above the MA (200) H4 (149.15). Technically speaking, the support level at 149.20 may keep prices from further declines. In case it is broken, the pair may fall to 148.90. The upper boundary of 150.60 represents a strong resistance level.
⦁ Resistance levels are: 150.10, 150.60, 150.85-90
⦁ Support levels are: 149.20, 148.90, 147.60
The main scenario for the pair suggests a rise to the seasonal high of 150.10 and then maybe to 150.60 (March 4-5 high)
The alternative scenario implies a break of the support at 149.20 (Feb 13 and 29 low) and maybe a decline to 148.90 (Feb 12 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
