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- The USD / JPY pair fell to the lowest level since the beginning of September
The USD / JPY pair fell to the lowest level since the beginning of September
Today, by the beginning of European trading, the USD/JPY pair rose slightly from Y105.60 to Y105.80, but soon fell sharply to Y105. 50, reaching the lowest value since the beginning of September. The pair is trading below the moving average line of MA (200) H1 (Y106.10) and on the four - hour chart, the pair is below MA (200) H4 (Y106.00). USD/JPY has broken through the strong support level of Y105.60 (September 1 low) and may fall to Y105.10-20. The session high of Y105. 80 represents resistance. If this level is passed, USD/JPY may follow a correction to Y106.10-15. The most likely range of movement of the pair today may be hidden within the range of Y105.10-80.
⦁ Resistance levels are at: Y105.80, Y106.10-15, Y106.40
⦁ Support levels are at: Y105.10-20, Y104.75, Y104.15
The main scenario for the pair's promotion - it is likely to continue the downward movement to Y105.10-20 (August 19 and 28 lows)
An alternative scenario - if the session high of Y105.80 breaks, the pair is likely to grow to Y106. 10-15 (September 14 high, MA (200) H1)
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