USDJPY Price Analysis: Stays firmer past 140.00 support confluence
15.11.2022, 03:51

USDJPY Price Analysis: Stays firmer past 140.00 support confluence

  • USDJPY picks up bids to extend the week-start rebound from 2.5-month low.
  • Clear break of 50-HMA, two-day-old descending trend line keeps buyers hopeful.
  • Confluence of 100-HMA, Friday’s peak tests further upside momentum.

USDJPY stays on the front foot for the second consecutive day after declining to the lowest levels since late August, up 0.55% intraday near 140.45 during early Tuesday morning in Europe.

The Yen pair’s recovery moves could be linked to its ability to cross a short-term key resistance, now support, surrounding 140.00, comprising a downward-sloping trend line from Friday and the 50-HMA. Also favoring the advances are the bullish MACD signals.

With this, the USDJPY buyers are likely to keep the reins and extend the week-start rebound from an 11-week low.

However, the convergence of the 100-HMA and November 11 peak offers a tough nut to crack for the bulls around 142.50-55.

Following that, a run-up towards the top, marked the late last week around 146.80, should gain the market’s attention. It’s worth noting that October’s low near 145.10 may act as a validation point for the USDJPY pair’s upside past 142.55.

Meanwhile, the sellers need to wait for a clear downside break of the 140.00 resistance-turned-support confluence.

In that case, July’s high near 139.40 and the monthly low near 138.50 could lure the USDJPY bears.

USDJPY: Hourly chart

Trend: Limited 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