- Analytics
- Market analysis
- Technical Analysis
- USD/JPY rose above MA (200) H1
USD/JPY rose above MA (200) H1
On the hourly chart, the USD/JPY pair is recovering from the previous decline, while the price was able to gain a foothold above the MA (200) H1 moving average, which signals a shift in the balance towards buyers. The 143.70 level acts as the nearest support and has already played its role in the recent rebound. The pair is currently trading near the 144.25 mark, trying to overcome the resistance of 144.45. The MACD indicator shows a positive value, while the histogram remains above zero, which confirms the presence of bullish momentum. However, its growth has slowed, which may indicate a potential consolidation before further movement. In general, the technical picture favors buyers, provided the price remains above 143.70.
Resistance levels are: 144.45, 145.10, 146.30
Support levels are: 143.70, 142.10-40 141.50
The main scenario for the pair's advance involves a breakout of the session low and MA (200) H1 (143.70) and a possible decline of 142.10-40 (May 27 and June 3 lows)
An alternative scenario suggests a breakout of the session high of 144.45 (May 30 high) and there may be an increase to 145.10 (May 28 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
