Technical Analysis
05.08.2022, 11:53

USD/JPY is testing MA (200) H1

Today, the USD/JPY pair is trading in the range of Y132.55-133.50, retreating on Tuesday from a 2-month low of Y130.40. On the hourly chart, the pair tests the moving average line MA (200) H1 (Y134.00) and on the four-hour chart remains below MA (200) H4 (Y135.90). Technically speaking, the resistance Y134.75 can keep prices from further growth. The lower bound of Y130.40 represents the support level.

 

 

Resistance levels are:Y134.65, Y137.45, Y138.00

Support levels are: Y132.25, Y130.40, Y129.50


The main scenario for the pair's promotion is a breakout of support Y132.25 (August 3 low) and there may be a decline of Y130.40 (June 6 and August 1 low)

An alternative scenario is a breakout of the resistance of Y134.65 (July 29 and August 3 high) and there may be an increase to Y137.45 (July 27 high)


Quotes
Symbol Bid Ask Time
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

© 2000-2022. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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.

Feedback
Live Chat E-mail
Up
Choose your language / location