Technical Analysis
14.09.2022, 11:54

USD/JPY remains above MA (200) H1

Today, the USD/JPY pair is trading with a decrease from the maximum value since 1998 of Y145.00 to Y14290. On the hourly chart, the pair remains above the moving average line MA (200) H1 (Y142.60) and on the four-hour chart above MA (200) H4 (Y137.25). Technically speaking, the support of Y141.50 can keep prices from further decline. The upper bound of Y145.00 represents the resistance level.

 

Resistance levels are: Y145.00, Y146.00, Y147.00

Support levels are: Y142.60, Y141.50, Y139.85


The main scenario of the pair's promotion assumes growth to the psychological level of Y145.00 (September 7 high, session maximum)

An alternative scenario implies a breakthrough of MA (200) H1 (Y142.60) and there may be a decrease to Y141.50 (September 9 and 13 low)


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

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