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- USD / JPY remains above MA (200) H1
USD / JPY remains above MA (200) H1
Today, the USD/JPY pair is trading in the range of Y105. 80-106. 15-near the almost five-month high (Y106.20) reached last week. On the hourly chart, the pair rose above the moving average line MA (200) H1 (Y105. 60) and on the four-hour chart, it is trading above MA (200) H4 (Y104.65). In this situation, it is probably worth sticking to the north direction in trading and looking for exit points to buy.
⦁ Resistance levels are: Y106.20, Y106.55, Y106.95
⦁ Support levels are: Y105.60-80, Y104.90, Y104.55
The main scenario for the pair's promotion -breakout of the resistance of Y106. 55 (September 3 high, session high) and then, perhaps, a rise to Y106. 95-107. 05 (April 12-14 and 18 highs).
An alternative scenario - the session low of Y105.85 and the line MA (200) H1 (Y105.70) are broken, the pair may fall to Y104. 90 (February 23 low)
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