USD/JPY analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
USD/JPY remains bullish on the 10-minute chart, moving inside a clear ascending channel with higher highs and higher lows. Price is currently around 154.50, pulling back after being rejected near the channel top at 154.83.





This pullback is testing the 40-period SMA, a key support level that has previously led to bounces. If price holds above this SMA and stabilizes near the channel's midpoint, a move back toward 154.83 is likely, with 155.00 as the next upside target. However, if price breaks below the 40-SMA and 154.45 support, short-term momentum could turn bearish, opening the way toward 154.25 (lower channel support) and possibly 154.00.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.