Categories: Technical analysis

USDJPY Wave Analysis – 21 September, 2022

• USDJPY rising inside impulse waves (v) and 3

• Likely to test resistance level 148.00

USDJPY currency pair continues to rise toward the resistance level 145.00 (top boundary of the narrow sideways price range inside which the pair has been moving from the start of September).

The lower boundary of this price range stands at the support level 142.00, which started the active short-term impulse wave (v).

Given the strong daily uptrend, USDJPY can be expected to rise further toward the next resistance level 148.00 (forecast price for the completion of the active impulse waves (v) and 3).

AddThis Website Tools
The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: USDJPY

Recent Posts

Video: Dollar and Indices are trying to find footing after the fall

The dollar experienced a sell-off but rallied back up by the end of the week.…

20 hours ago

What is next: BoJ, Fed, SNB & BoE Rates

The new week will be packed with economic data and decisions from key central banks.…

24 hours ago

Dollar attempts to rebound after oversold conditions

Despite economic factors working against the dollar, its oversold condition helped it this week or…

1 day ago

USDCAD Wave Analysis – 14 March 2025

USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…

1 day ago

Solana Wave Analysis – 14 March 2025

Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…

1 day ago

Adobe Wave Analysis – 13 March 2025

Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…

2 days ago