- Analytics
- Market analysis
- Technical Analysis
- USD/JPY is trading near a 3-month low
USD/JPY is trading near a 3-month low
Today, the USD/JPY pair is trading in the range of 153.05-154.35 - slightly above the 3-month low of 152.00 reached last week. On the hourly chart, the pair remains below the MA (200) H1 (155.55) moving average line. The situation is similar on the four-hour chart. Technically speaking, the resistance of 154.75 may keep USD/JPY from further growth. If this level is broken, the pair may rise to 157.85. The lower limit of 152.00 represents a strong support level.
⦁ Resistance levels are: 154.75, 157.85, 159.45
⦁ Support levels are: 152.00, 150.80, 150.25
The main scenario for the pair's promotion assumes a decrease to 152.00 (May 3 and July 25 low) and then, maybe, to 150.80 (April 5 low)
An alternative scenario implies a breakout of the resistance of 154.75 (July 26 high) and MA (200) H1 (155.55) and there may be an increase to 157.85 (July 19 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
