USD/JPY Price Analysis: Buyers keep the reins at 32-year high near 149.00
18.10.2022, 02:37

USD/JPY Price Analysis: Buyers keep the reins at 32-year high near 149.00

  • USD/JPY pares the first intraday loss in 10 days around the highest levels since 1990.
  • Bullish channel, sustained trading beyond 50-SMA joins upbeat RSI to favor buyers.
  • Downside break of weekly ascending trend line, bearish MACD signals keep sellers hopeful with eyes on 148.70.

USD/JPY picks up bids to consolidate Tuesday's losses around 148.90 during mid-Asian session. In doing so, the yen pair seesaws around the multi-year high while snapping a nine-day uptrend.

Even so, the quote’s sustained trading inside the three-day-old bullish channel and the 50-SMA, challenge the bears. On the same line could be the firmer RSI (14).

However, Monday’s U-turn from the previous support line from October 13, now resistance around 149.50, joins the bearish MACD signals to tease sellers.

That said, the USD/JPY pair is likely to grind higher between the stated channel’s support line, at 148.70, and the aforementioned support-turned-resistance near 149.50.

It should be noted that the 150.00 threshold and September’s peak of 145.90 act as extra filters for the pair traders to watch for clear directions.

Should the quote stays firmer past 150.00, the odds of witnessing a run-up towards the August 1990 high near 151.65 and then to the year 1990 peak of 160.20 can’t be ruled out.

Alternatively, multiple tops marked during early September around 145.00 could challenge the USD/JPY bears past 145.90.

USD/JPY: 30-minute chart

Trend: Further upside expected

 

© 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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

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.

Politika poverenja

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
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik