26.08.202405:45 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Monday August 26, 2024.

Relevance up to 23:00 2024-08-26 UTC--4

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

If we look at the 4-hour chart, the main currency pair USD/JPY appears to be trying to test the 143.91 level. If it is successfully broken, the Bullish Orderblock level of 142.98 will be the next target to be targeted. However, if 142.98 fails to be touched and tested by USD/JPY, there is the potential for this main currency to strengthen again, especially if it successfully breaks above the 145.50 level, then USD/JPY will continue to strengthen to the 146.54 level. If this level is also successfully broken, then 148.61 will be the main target to be targeted and if momentum and volatility support, then 149.89 will be the next target.

(Disclaimer)

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.