- Analytics
- Market analysis
- Technical Analysis
- USD/JPY is trading near a monthly high
USD/JPY is trading near a monthly high
Today, the USD/JPY pair is trading in the range of 150.35-151.20- near a new monthly high, there is a steady upward trend on the hourly chart, confirmed by the price's location above the MA (200) moving average line (149.85). The price is steadily updating local highs, which indicates the strength of buyers. The support level is in the area of 149.85, where pullbacks took place earlier, and the key resistance is located near 151.20-151.30. The MACD indicator shows a decrease in the histogram, which may signal a temporary correction or weakening of the upward momentum. However, as long as the price remains above the moving average, the probability of continued growth remains high.
Resistance levels are: 151.20-30, 152.30, 153.15
Support levels are: 150.05, 149.45, 148.60
The main scenario for the pair's advance implies a breakout of 151.20-30 (Feb 22 high, session high) and there may be an increase to 152.30 (Feb 19 high)
An alternative scenario assumes a breakout of 150.05 (March 27 low), a decline to MA (200) H1 (149.85) and then, maybe, to 149.45 (March 24 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.
