20:03 USD/JPY is trading near the lows of early March
Today, since the beginning of trading, the USD/JPY pair fell to a new low since the beginning of March (Y104. 20), but later the pair regained all the positions lost today and rose to Y104.95. On the hourly chart, the pair fell below the moving average line MA (200) H1 (Y105. 90) and on the four - hour chart-below MA (200) H4 (Y106.85).
⦁ Resistance levels are at: Y105.30, Y105.70-90, Y106.90
⦁ Support levels are at: Y104.20, Y103.05, Y101.20
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.
|remaining time till the new event being published|