Technical Analysis
23.09.2022, 12:04

USD/JPY is rising again after yesterday's decline

Today, the USD/JPY pair is mainly growing from Y141.75 to Y143.30 after falling yesterday from a new maximum value since 1998 (Y145.90) to a 2-week low of Y140.35. On the hourly chart, the pair is testing the MA (200) H1 (Y143.35) moving average line, but on the four-hour chart it remains above MA (200) H4 (Y139.30). Technically speaking, the resistance of Y145.90 can keep prices from further growth. The lower bound of Y140.35 represents the support level.

 

Resistance levels are: Y143.35, Y145.00, Y145.90

Support levels are: Y141.75, Y140.35, Y139.00


The main scenario of the pair's promotion assumes a breakthrough of MA (200) H1 (Y143.35) and there may be an increase to Y145.90 (September 22 high)

An alternative scenario implies a breakout of the session minimum of Y141.75 and there may be a decline to Y140.35 (September 22 low)

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

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