- Analytics
- Market analysis
- Technical Analysis
- USD/JPY is trading near a 2-month low
USD/JPY is trading near a 2-month low
Today, the USD/JPY pair is trading in the range of 151.80-152.90, near a 2-month low. On the hourly chart, the pair remains below the MA (200) H1 moving average line (154.55). On the four-hour chart, the pair remains below MA (200) H4 (156.35). Based on the above, it is probably worth following the southern direction in trading and as long as the pair remains below the MA 200 H1, it is necessary to look for entry points to sell. Technically speaking, the support of 151.80 has kept USD/JPY from further decline so far. If this level is breached, the pair may fall to 150.90. The upper limit of 154.40 represents a strong resistance level.
Resistance levels are: 152.90, 153.70, 154.45-55
Support levels are: 151.80, 150.90, 149.40
The main scenario for the pair's advance implies a breakout of the session low of 151.80 (Dec 12 low) and a possible decline to 150.90 (Dec 10 low)
An alternative scenario assumes a breakout of the session high of 152.90 and there may be an increase to 153.70 (Jan 27 low)
© 2000-2025. 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.
