USD/JPY Price Analysis: Erases previous-day losses and climbs above 156.00
05.06.2024, 18:56

USD/JPY Price Analysis: Erases previous-day losses and climbs above 156.00

  • USD/JPY climbs and gains 0.79%, supported by strong US economic data.
  • Technical outlook shows a bullish harami pattern, indicating potential for further gains.
  • Key resistance levels: 156.50, May 30 high at 157.68, and YTD high at 160.32; support at 156.00, 155.00, and confluence of Tenkan-Sen and 50-DMA at 154.81/92.

The USD/JPY recovered some ground and advanced towards the top of the Ichimoku Cloud (Kumo) on Wednesday, gaining some 0.79% and trading at 156.11 at the time of writing. Data from the United States kept the Greenback bid while falling Japanese Government Bond (JGB) yields undermined the Yen.

USD/JPY Price Analysis: Technical outlook

From a technical perspective, the USD/JPY remains upward biased despite retreating toward the 50-day moving average (DMA) at 154.82 on Tuesday. However, buyers lifted the exchange rate towards current levels, forming a ‘bullish harami’ candlestick chart pattern that could open the door for further gains.

Short-term momentum is on the buyers’ side, as depicted by the Relative Strength Index (RSI) standing in bullish territory.

The USD/JPY first resistance would be the 156.50 mark. A breach of the latte will expose the May 30 high of 157.68 before rallying toward the April 26 high of 158.44. Up next would be the year-to-date (YTD) high of 160.32.

On the flip side, the USD/JPY's first support would be 156.00. Once surpassed, the next stop would be 155.00, before testing the confluence of the Tenkan-Sen and the 50-DMA at around 154.81/92.

USD/JPY Price Action – Daily Chart

USD/JPY

Overview
Today last price 156.08
Today Daily Change 1.20
Today Daily Change % 0.77
Today daily open 154.88
 
Trends
Daily SMA20 156.26
Daily SMA50 154.73
Daily SMA100 151.97
Daily SMA200 149.68
 
Levels
Previous Daily High 156.49
Previous Daily Low 154.55
Previous Weekly High 157.71
Previous Weekly Low 156.37
Previous Monthly High 157.99
Previous Monthly Low 151.86
Daily Fibonacci 38.2% 155.29
Daily Fibonacci 61.8% 155.75
Daily Pivot Point S1 154.12
Daily Pivot Point S2 153.37
Daily Pivot Point S3 152.18
Daily Pivot Point R1 156.06
Daily Pivot Point R2 157.24
Daily Pivot Point R3 158

 

 

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik