USD/JPY H1 Analysis: Key Levels and Market Trends
The USD/JPY pair has shown significant movements in the H1 timeframe, with key levels to watch for potential trading opportunities. Recently, the pair tested the 148.720 level, indicating a possible support zone. Resistance is observed near the 151.135 level, which could act as a barrier for upward movements.
Key levels to monitor:
Support: 145.720, 145.235
Resistance: 151.135, 150.650
The market has been volatile, with notable price swings between 15 Feb 2015 and 5 Mar 2015. Traders should keep an eye on these levels for potential breakouts or reversals. The recent price action suggests a consolidation phase, which could lead to a decisive move in either direction.
#Forex #USDJPY #TradingAnalysis #MarketTrends #SupportResistance #TradingStrategies #ForexSignals #PriceAction
Key levels to monitor:
Support: 145.720, 145.235
Resistance: 151.135, 150.650
The market has been volatile, with notable price swings between 15 Feb 2015 and 5 Mar 2015. Traders should keep an eye on these levels for potential breakouts or reversals. The recent price action suggests a consolidation phase, which could lead to a decisive move in either direction.
#Forex #USDJPY #TradingAnalysis #MarketTrends #SupportResistance #TradingStrategies #ForexSignals #PriceAction
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.