World Of Money Uncategorized USDJPY Continues Climb to Level Not Reached Since 2018 By Investing.com
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USDJPY Continues Climb to Level Not Reached Since 2018 By Investing.com



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By 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 pair has reached a session top of 113.78 today, where it last traded in November 2018. The price has only fallen 13 pips since the peak, currently trading at 113.65.

If the price continues climbing, the next critical level for the pair is 114.03.

On the hourly chart, the USDJPY has stalled somewhat since the day’s high, however, there hasn’t yet been anything to suggest that sellers will step in anytime soon.

During the Asian session, the price peaked at 113.48 before taking a dive down toward 113.00. The Asian session high is yet to be tested as a possible support level and could be an area to watch for a likely pullback.

A move below that hints at a more significant fall to 113.20 may be on the cards. On the opposite end of the scale, a break above the 113.78 level looks more likely at this moment.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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