USD/JPY Price Forecast: Dragonfly doji looms, bulls target 141.00
16.09.2024, 19:34

USD/JPY Price Forecast: Dragonfly doji looms, bulls target 141.00

  • USD/JPY recovers after diving to a YTD low; a daily close above 140.25 paves the way for further upside.
  • Key resistance levels include 142.57 (Tenkan-Sen), 143.52 (Senkou Span A), and 144.48 (Kijun-Sen).
  • Momentum remains bearish, but bullish patterns like a ‘dragonfly doji’ or ‘hammer’ could signal a leg higher if confirmed.

The USD/JPY recovers some ground late in the North American session after touching a new year-to-date (YTD) low of 139.58 earlier in the day. At the time of writing, the major pair traded at 140.85 and registered minimal gains of 0.03%.

USD/JPY Price Forecast: Technical outlook

The downtrend would likely continue after clearing December’s 28 low of 140.25, but USD/JPY buyers bought the dip, clearing the latter as the pair aims towards 141.00.

A daily close above 140.25 would open the way to testing key resistance levels amid a busy week of monetary policy decisions from the Federal Reserve and the Bank of Japan.

Momentum hints that sellers remain in control, as shown by the Relative Strength Index (RSI). But if Monday’s price action completes a ‘dragon-fly doji’ or a ‘hammer,’ look for a leg up.

On further strength, USD/JPY's first resistance would be the Tenkan-Sen at 142.57, followed by the Senkou Span A at 143.52. If those levels are cleared, buyers can aim for the Kijun-Sen at 144.48.

Conversely, if sellers drag prices below 140.25, that can pave the way for further downside.

USD/JPY Price Action – Daily Chart

Japanese Yen PRICE Today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the US Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   -0.44% -0.65% 0.06% -0.05% -0.64% -0.49% -0.25%
EUR 0.44%   -0.27% 0.44% 0.36% -0.26% -0.11% 0.15%
GBP 0.65% 0.27%   0.65% 0.62% 0.00% 0.17% 0.42%
JPY -0.06% -0.44% -0.65%   -0.10% -0.63% -0.51% -0.36%
CAD 0.05% -0.36% -0.62% 0.10%   -0.67% -0.44% -0.31%
AUD 0.64% 0.26% -0.00% 0.63% 0.67%   0.16% 0.40%
NZD 0.49% 0.11% -0.17% 0.51% 0.44% -0.16%   0.25%
CHF 0.25% -0.15% -0.42% 0.36% 0.31% -0.40% -0.25%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).

 

© 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