- Analytics
- Market analysis
- Technical Analysis
- The USD/JPY is still testing the resistance MA 200 H1
The USD/JPY is still testing the resistance MA 200 H1
Yesterday, the USD/JPY traded with a decrease and closed the day in the red zone near the price of the Y136.60. Today it, on the contrary, has grown a little, rising to the Y137.25. On an hourly graphics, USD/JPY still tests resistance for strength - the line of the sliding medium MA (200) H1 (Y137.00). On a four-hour paragraph, the steam remains below the Ma 200 H4. Based on the foregoing, it is likely to adhere to the southern direction in trade and while the USD/JPY remains lower than the MA 200 H1, it may be necessary to look for the entrance to the sale of correction.
Resistance levels are at: Y137.85, Y139.90-95, Y140.35
Support levels are at: Y135.95, Y135.05, Y134.15
Probably, the main scenario is the continuation of the descending movement to the Y135.95 (Dec 6 low).
The alternative scenario involves the final consolidation above MA 200 H1, followed by growth to Y142.45 (Nov 11 high).
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
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.
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.
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.
Bank transfers
