empty
 
 
19.12.2024 07:15 AM
Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Thursday December 19, 2024.

This image is no longer relevant

With the movement of the USD/JPY currency pair price moving above the MA 50 which has a slope that slopes upwards and its price movement moving harmoniously within the Bullish channel that slopes upwards and is confirmed by the appearance of deviations in the RSI indicator (5) on the 4-hour chart, it is confirmed that the USD is strengthening against the Yen currency so that even though in the near future there could be a potential for a weakening correction shortly after successfully breaking through the resistance level of the round number 154.50 as long as it does not break through and close below the level of 153.17 USD/JPY will continue to strengthen to the level of 155.95 and if the momentum and volatility support 157.60 it will be the next target to be aimed for.

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback