- Analytics
- Market analysis
- Technical Analysis
- USD/JPY consolidated below MA (200) H1
USD/JPY consolidated below MA (200) H1
Today, the USD/JPY pair is trading in the range of 158.05-80 - slightly above the monthly low of 157.15 reached yesterday. On the hourly chart, the pair has consolidated below the MA (200) H1 (160.20) moving average line and is testing MA (200) H4 (158.75) on the four-hour chart. Technically speaking, support for 157.15 can keep the pair from further decline. In case of breaking through this level, the pair may fall to 155.70. The upper limit of 159.45 represents a strong resistance level, but after breaking through it, the pair may try to reach 162.00 again.
⦁ Resistance levels are: 159.45, 160.20, 162.00
⦁ Support levels are: 157.15, 155.70, 155.10
The main scenario for the pair's promotion assumes a breakout of the support of 157.15 (June 17 and July 15 low) and there may be a decrease of 155.70 (June 12 low).
An alternative scenario implies a breakout of the resistance of 159.45 (July 12 high) and MA (200) H1 (160.20) and there may be an increase to 162.00 (July 3 high)
© 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
