Categories: Technical analysis

USDJPY Wave Analysis – 26 September, 2022

• USDJPY reversed from key support level 142.00• Likely to rise to resistance level 148.00

USDJPY currency pair recently reversed up from the key support level 142.00 (lower boundary of the sideways price range inside which the pair has been moving from the start fop September).

The upward reversal from the support level 142.00 started the active short-term impulse wave (v) – which belongs to waves 3 and (5).

Given the powerful daily uptrend, strong USD bullishness seen today, USDJPY can be expected to rise further toward the next resistance level 148.00 (which reversed the pair earlier this month).

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

Crypto Market Retreats Due to Overhang of Sellers

Market picture The crypto market has lost 3.3% in the last 24 hours to $2.3…

12 mins ago

USDJPY Wave Analysis 26 April 2024

- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…

3 days ago

Ebay Wave Analysis 26 April 2024

- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…

3 days ago

False Alert with Yen Interventions?

Even though the Bank of Japan left the key rate and parameters of the QE…

3 days ago

Cooler Bitcoin

Market picture  Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…

3 days ago

GBPCAD Wave Analysis 25 April 2024

- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…

4 days ago

This website uses cookies