- Analytics
- Market analysis
- Technical Analysis
- USD/JPY shows an upward momentum
USD/JPY shows an upward momentum
Today, the USD/JPY pair is showing an upward momentum on the hourly timeframe after breaking through key support and resistance levels. The price is moving up, approaching the resistance level of 150.20, which may be crucial for further movement. The MA (200) H1 moving average (148.10) previously played the role of resistance, but now the price is above it, which confirms the trend change to bullish. The MACD indicator shows positive dynamics, the histogram is in the green zone, which indicates the continuation of the upward movement. However, the price is approaching the resistance zone, and a downward correction is possible, especially if there are signs of weakening buying pressure. If the price fixes above 150.20, we can expect further growth to 151.30, otherwise a pullback to 149.35 or lower to 148.25 is possible.
Resistance levels are: 150.20, 151.30, 152.30
Support levels are: 149.35, 148.25, 147.40
The main scenario for the pair's advance implies an increase to 150.20 (March 5 high) and then maybe to 151.30 (March 3 high)
An alternative scenario suggests a decline to 149.35 (March 6 and 12 high) and then, maybe, to 148.25 (March 17 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.
