empty
08.05.2023 07:48 AM
USDJPY, Day | Break below Ascending Trendline?

This image is no longer relevant

USD/JPY is currently displaying a strong bullish momentum, which is supported by its position above a significant ascending trend line. This suggests that there is potential for further upward momentum in the near future.

The first support level for USD/JPY stands at 133.69 and is identified as an overlap support. In addition, the current price is also testing a major support level that aligns with a 38.2% Fibonacci retracement. If the price bounces from this level, it could move towards the first resistance level at 135.30, which is a pullback resistance that coincides with a descending trend line.

An intermediate resistance at 136.04 is also present between the current price and the first resistance. If this level is breached, it could trigger a stronger bullish acceleration towards the first resistance.

A potential rise towards the second resistance level at 137.79, a multi-swing high resistance, could occur if the first resistance level is broken.

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.