USD/JPY Price Analysis: Remains above 151.00 post retreating from a yearly high
01.11.2023, 09:29

USD/JPY Price Analysis: Remains above 151.00 post retreating from a yearly high

  • USD/JPY could revisit the yearly high at 151.72 on a stronger US Dollar.
  • Key support emerges at 151.00 major level following the 21-day EMA.
  • Technical indicators suggest bullish momentum for the pair.

USD/JPY consolidates near 151.20 during the European session on Wednesday, pulling back from the recent yearly high of 151.72 reached on Tuesday. The pair surged after the Bank of Japan (BoJ) scrapped the 1% ceiling for the 10-year government bond yield.

The immediate support at 151.00 comes into play, with the 21-day Exponential Moving Average (EMA) at 149.76 serving as the next support level. A decisive break below the latter could open the door for USD/JPY bears to target the 23.6% Fibonacci retracement around 148.28.

The unexpected decrease in China's Caixin Manufacturing Purchasing Managers' Index (PMI) could contribute to the pressure on the Japanese Yen (JPY). The report printed a figure of 49.5 in October, falling below the expected 50.8 and September's expansion at 50.6.

The Moving Average Convergence Divergence (MACD) line's position above the centerline and the signal line suggests a potential bullish momentum. Furthermore, the 14-day Relative Strength Index (RSI) above the 50 level indicates a favorable market sentiment, supporting the notion of bullish momentum for the USD/JPY pair.

On the upside, the USD/JPY could face resistance near the highs marked in October 2022 at 151.94, which is lined up with a 152.00 psychological level.

USD/JPY: Daily Chart

 

© 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