Stock Groups

USDJPY Continues Climb to Level Not Reached Since 2018 By Investing.com

by Mike Robinson

[ad_1]


Sam Boughedda

Investing.com — The has had another bumper day, trading around 0.3% higher on Tuesday after yesterday’s move saw it break the 2019 and 2020 highs, reaching levels not seen since December 2018.

The price of the pair reached an all-time high today at 113.78, which was last seen in November 2018. The pair is currently at 113.65 and has fallen only 13 pip since its peak.

If the price is rising, then the next level of critical importance for the pair would be 114.03.

An hourly chart indicates that the USDJPY is somewhat stuck at the high of the previous day, although there’s not yet any indication that sellers might step in.

The Asian session saw the price peak at 113.48, before falling to 113.00. It is possible that the Asian session high could serve as support and should be monitored for potential pullbacks.

It is possible that the price will fall further to 113.20 if it falls below that level. A break above the level of 113.78 seems more probable at the moment.

Disclaimer Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]