Technical analysis

14 January 2020

20:55 USD/JPY continues to trade near the maximum value since the end of May

This morning, USD/JPY continued yesterday's growth and reached a new high since the end of May (Y110. 20). Later, the pair declined slightly and is trading in a narrow range around yesterday's high and psychological level (Y110. 00). On the hourly chart, USD/JPY is confidently trading above the moving average MA (200) H1 (Y108.90), while on the four-hour chart, the situation is similar. It is also worth noting that the hourly chart has formed a bearish divergence on the MACD indicator.

Resistance levels are at: Y110.20-35, Y110.70, Y111.00

Support levels are at: Y109.40, Y108.90-109.00, Y108.20

USD/JPY continues to trade near the maximum value since the end of May 14.01.2020

The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

January 2020
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
1
2
3
4
5
20
21
22
23
24
25
26
27
28
29
30
31
REGISTER FOR TRAINING