Technical analysis of USD/JPY 08/09/2022

The USD/JPY currency pair at (4H) is developing an upward movement within the channel.

The price found support at 130.40, after which it resumed growth and is currently consolidating around 135.00 (MA100).

The technical picture suggests a continued growth above the level of 140.00.

The nearest support level is 134.50.

The nearest resistance level is 136.00 (MA200).

A signal to cancel the growth option for the pair will be a drop in quotes below the low of 130.40.


Created by Joshua Hayn

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