- Analytics
- Market analysis
- Technical Analysis
- USD/JPY is growing, but remains below MA (200) H1
USD/JPY is growing, but remains below MA (200) H1
Today, the USD/JPY pair is mainly growing from Y133.05 to Y134.65 after falling yesterday to a monthly low of Y132.25. On the hourly chart, the pair remains below the moving average line MA (200) H1 (Y135.90) On the four-hour chart, the pair is testing MA (200) H4 (Y133.50) Technically speaking, a strong support level of Y132.25 may keep prices from further decline. The upper bound of Y137.00 represents the resistance level.
⦁ Resistance levels are: Y135.05, Y135.90, Y137.00
⦁ Support levels are: Y133.05, Y132.25, Y131.50
The main scenario of the pair's promotion assumes a decline to Y132.25 (March 13 low).
An alternative scenario assumes a breakthrough of yesterday's maximum of Y135.05 and there may be an increase to Y137.00 (March 10 high)
© 2000-2024. 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
