- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- USD/JPY Price Analysis: Sees more downside below 134.30 on H&S formation
USD/JPY Price Analysis: Sees more downside below 134.30 on H&S formation
- The H&S formation has strengthened the odds of a bearish reversal in the asset
- Greenback bulls are failing to defend the 50-EMA.
- The RSI (14) is attempting to violate 60.00 but is facing significant hurdles.
The USD/JPY pair has witnessed a regular fall after multiple failed attempts of overstepping the critical resistance of 135.60 for the past three trading sessions. The asset is auctioning inside Thursday’s range since Friday, which is marked in the 134.27-136.22 area.
The formation of a Head and Shoulder (H&S) chart pattern on an hourly scale has bolstered the odds of a bearish reversal in the counter after remaining bullish for a few months. The neckline of the aforementioned chart pattern is marked from June 17 low at 134.27.
The greenback bulls seem unable to defend the 50-period Exponential Moving Average (EMA) at 135.24, which indicates a short-term downtrend.
Also, the Relative Strength Index (RSI) (14) has sensed barricades around 60.00, which signals that the yen bulls are barricading the asset to turn bullish.
A firmer drop below the H&S neckline marked from June 17 low at 134.27 will drag the asset towards June 15 low at 135.50, followed by June 17 low at 132.36.
Alternatively, the greenback bulls could regain their mojo back after violating Thursday’s high at 136.30. This will expose the asset to register fresh two-decade highs at 136.89, recorded in October 1998, followed by September 1998 highs at 139.91.
USD/JPY hourly chart
-637919819552393370.png)
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
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.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
