简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The US Dollar started a major decline from the 145.00 zone against the Japanese Yen. USD/JPY traded below a key bullish trend line with support near 144.20
Key Highlights
• USD/JPY declined heavily below 142.00 and 140.00.
• It traded below a key bullish trend line with support near 144.20 on the 4-hour chart.
• EUR/USD rallied further above 1.1150.
• GBP/USD surged above the key 1.3000 resistance zone.
USD/JPY Technical Analysis
The US Dollar started a major decline from the 145.00 zone against the Japanese Yen. USD/JPY traded below a key bullish trend line with support near 144.20
Looking at the 4-hour chart, the pair settled below the 142.00 support, the 200 simple moving average (green, 4 hours), and the 100 simple moving average (red, 4 hours).
There was a sharp move below the 140.00 support. The pair tested the 138.00 zone and remains at risk of more losses. Immediate support is near the 138.00 level. The next major support is at 137.40, below which there could be a drop to 136.50.
On the upside, immediate resistance is near the 139.10 level. The next major resistance is near 139.80. The first major resistance is near the 140.00 level.
If there is a move above the 140.00 resistance, the pair could rise toward 140.80. Any more gains might send the pair toward the 142.00 resistance zone, where the bears might emerge.
Looking at EUR/USD, the pair gained strength and rallied above 1.1150. Similarly, GBP/USD surged above the 1.3000 and 1.3050 resistance levels.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
As US elections near, yuan volatility surges. Traders brace for tariff risks and market swings, preparing for potential economic shifts under Trump or Harris policies.
UAE grants approval for AED Stablecoin AE Coin, a regulated Dirham-pegged cryptocurrency, transforming blockchain payments for businesses and individuals in the UAE.
Currency movements—whether a currency strengthens or weakens—are critical indicators of a country's economic health and its position in the global market. In this article, we explore what these movements imply, and how they influence a country’s economic landscape.
The Malaysian ringgit saw a slight retreat against the US dollar on Thursday, pulling back from its recent rally as investors cashed in profits following its substantial appreciation.