- Analytics
- Market analysis
- Technical Analysis
- On the hourly chart of USD/JPY, there is an attempt to reverse after a downward movement
On the hourly chart of USD/JPY, there is an attempt to reverse after a downward movement
Today, the USD/JPY pair is trading in the range of 148.30-149.10. On the hourly chart, there is an attempt to reverse after a downward movement. The price is close to slightly above the MA (200) H1 moving average line (148.10), which indicates a possible transition to a neutral trend. The level of 148.10 is the closest support, while resistance is located at 149.20. The MACD indicator shows positive values, which indicates a possible continuation of the upward momentum. To confirm the growth, it is necessary to consolidate above 149.20, otherwise the price may test the 148 level again.10 and continue the decline to 147.40.
Resistance levels are: 149.20-35, 150.20, 151.30
Support levels are: 148.10, 147.40, 146.55
The main scenario for the pair's advance still implies a decline to MA (200) H1 (148.10) and then maybe to 147.40 (March 13 low)
An alternative scenario assumes a breakout of 149.20-35 (March 6 and 12 highs) and there may be an increase to 150.20 (March 5 high)
© 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.
