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- USD / JPY remains below MA (200) H1
USD / JPY remains below MA (200) H1
Today, since the start of trading, the USD/JPY pair has risen from Y103. 05 to Y103. 60, retreating from the nine-month low of Y102.90 reached yesterday. But in the ode of the European session, the pair fell to Y103. 20, losing most of the positions won. The pair is trading below the moving average line of MA (200) H1 (Y103. 85) and on the four - hour chart-below MA (200) H4 (Y104.20). Based on this, finding a sell position can probably be a wise decision for those who want to take advantage of a stronger Japanese currency.
⦁ Resistance levels are: Y103.60, Y104.15, Y104.60
⦁ Support levels are: Y102.90, Y102.00, Y101.20
The main scenario for the pair's promotion - break of yesterday's low of Y102. 90 and there may be a decline in the pair to Y102.00 (March 10 low)
An alternative scenario - correction, breakout of the session high of Y103.60 and may be an increase to Y104.15 (December 15 high)
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