Energies
Despite recent fluctuations on the USDJPY, the pair is still trading in an uptrend in the short term. Price continues to move above the moving average MA(30) on the hourly chart which confirms the uptrend.
USDJPY is facing a critical resistance level at 145.30 as price failed to break above this level multiple times.
Closing above this level on the daily chart is considered a bullish sign and may drive prices higher.
Short term moving averages MA(5) and MA(10) still offer dynamic support for the pair.
USDJPY 1H Chart
| Resistance | 145.20 | 145.56 | 146.05 |
| Support | 144.66 | 144.41 | 144.20 |
Bitcoin prices went up for the third day in a row. The cryptocurrency broke the psychological level $110,000 twice this week, but experienced sharp correction downward following this movement. Falling below $108,000 gives a bearish sign and may cause prices to fall further toward $107,000 support level.
Breaking above $110,722 with momentum opens the door for more gains and a visit back to the all-time high above $112,000
Bitcoin (BTCUSD) 1H Chart
| Resistance | $110,400 | $110,856 | $111,400 |
| Support | $109,126 | $108,800 | $108,247 |
Tesla’s stock recovered from the sharp declines it had last week. Price has gone up 14% since the beginning of the week, and is currently trading inside the weekly opening gap, which is considered a technical resistance level.
Failing to close above $335.55 this week may cause prices to correct downward to $320.00 levels.
The overview of Tesla is still bullish. Moving averages MA(5), MA(10) crossed the mid-term moving average MA(30) upward indicating a strong bullish momentum. The next resistance level to watch for is $335.78
Tesla 1H Chart
| Resistance | $335.53 | $342.22 | $347.70 |
| Support | $318.29 | $310.91 | $305.43 |
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