Technical analysis

18 September 2020

19:55 USD/JPY fell to a minimum of the end of July

Today, the USD / JPY pair continues to trade with a decline and fell from Y104. 90 to the low of the end of July Y104. 25. the Pair is trading below THE mA (200) H1 moving average line (Y105. 65). The situation is similar on the four-hour chart. Support for Y104. 15 (July 31 low) may keep the pair from further decline. If this level is passed, the pair may fall to Y103. 10. The session high of Y104. 90 represents resistance. If this level is passed, USD/JPY may follow a correction to Y105. 15. The most likely range of movement of the pair today may be hidden within the range Y104. 15-90.

Resistance levels are at: Y104.90, Y105.15, Y105.65-80

Support levels are at:  Y104.15-25, Y103.10, Y101.20


The main scenario for the pair's promotion - the downward movement towards Y104.15 (July 31 low) is likely to continue

An alternative scenario - if the session high of Y104.90 breaks, the pair is likely to grow to Y105. 15 (September 17 high)

USD/JPY fell to a minimum of the end of July 18.09.2020

18 September 2020, 20:18

NZD / USD is trading above MA (200) H1

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