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Technical Analysis usdjpy
Technical analysis usdjpy on 21 September 2023
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05:01
The USD/JPY continued its growth yesterday
Yesterday, the USD/JPY traded higher and closed the day in positive territory around the price of 147.75. Today the pair also rose slightly, rising to 147.85. On the hourly chart, USD/JPY is still trading above the moving average line MA (200) H1 (147.35). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the north direction in trading and while the pair remains above the MA 200 H1, may be you need to look for entry points to buy when a correction is formed.
- Resistances levels are at: 147.95, 148.40, 148.85
- Support levels are at: 147.35-50, 147.00, 146.65
Probably, the main scenario is a resumption of growth to 147.95 (Sep 15 high).
The alternative scenario involves consolidation below MA 200 H1, followed by a fall to 145.90 (Sep 11 low).
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read 
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