empty
 
 
rs
Podrška
Trenutno otvaranje računa
Trgovačka platforma
Depozit/Povlačenje

26.04.202405:28 Forex Analysis & Reviews: Trading Signals for USD/JPY for April 26-29, 2024: sell below 155.62 (21 SMA - overbought)

Relevance up to 23:00 2024-05-09 UTC--4

Exchange Rates 26.04.2024 analysis

USD/JPY is trading around 155.62, above 7/8 Murray, and within the bullish channel forming since April 15. In the H1 chart, we can see that the Japanese Yen is strongly overbought and it is likely that a technical correction will occur in the next few hours and USD/JPY could reach the bottom of this channel around 155.18.

A sharp break of this uptrend channel and a consolidation below 155.60 could change the course of the Yen. USD/JPY could reverse downwards.

A technical correction could be confirmed if USD/JPY falls below the psychological level of 155.00 and could reach the 200 EMA located at 154.62 and the 5/8 Murray at 153.90.

Given that the Japanese Yen has strong resistance at 156.25 (8/8 Murray) as long as it trades above 155.40, USD/JPY could continue its rise and hit this target. On the contrary, the trend would change below 155.20.

The eagle indicator is giving an overbought signal, so a technical correction is imminent in the coming days. Thus, we can sell below 155.62 (21 SMA).

*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2024
Iskoristite preporuke analitičara upravo sada
Dopunite trgovački račun
Otvori trgovački račun

Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.

Ne možete da razgovarate sada?
Postavite pitanje kroz ćaskanje.