Jump to content
Create New...

USD/JPY. Analysis and Forecast

🎧
Analista ExpertFX

ExpertFX Podcast -
No time to read? Let me read it for you. Press Play!


Ben Graham
 Share

Recommended Posts

  • REDATOR

USD/JPY. Analysis and Forecast - ExpertFX School

Yesterday's rally in the pair encountered resistance around the 100-hour Simple Moving Average (SMA) near 156.70. This level has become a key barrier before further broad-based growth. A sustained move above this level would allow spot prices to overcome the round 157.00 level, continuing the rise toward intermediate resistance at 157.20, then 157.50, and eventually reaching the 158.00 round level — the highest value since mid-January, which was nearly reached last week.

On the other hand, a decline below the Asian session low near 155.70, as well as the previous Asian session low around 155.65, will open the path to deeper losses, pushing USD/JPY toward the psychological level of 155.00. A convincing break below this level could be seen as a new trigger for the bears, preparing the ground for the continuation of the weekly downtrend that began on November 20. However, it is worth noting that oscillators on the daily chart remain positive, which suggests the pair is not yet ready for a broad decline.

The material has been provided by InstaForex Company - www.instaforex.com
  • Haha 1
  • Oush! 1
  • Nova Reação 1
💬 Did you like this content? Your feedback is very important!
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Terminal Visitor
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

TRADING HUB
● MARKET OPEN
Loading...
RETAILS SENTIMENT
INVERSE
  • Loading...


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use of Use and Privacy Policy

Search In
  • More options...
Find results that contain...
Find results in...

Write what you are looking for and press enter or click the search icon to begin your search

Enjoying ExpertFX? 📈
Your review helps our community grow. Rate the app in seconds.