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- USD / JPY remains below MA (200) H1
USD / JPY remains below MA (200) H1
Today, the USD/JPY pair is trading in different directions: after rising from the beginning of trading from Y109. 35 to Y109. 75, during the European session, the pair fell sharply to Y109. 10. On the hourly chart, the pair fell below the moving average line of MA (200) H1 (Y109. 95), but on the four-hour chart it remains above MA (200) H4 (Y108.90). Technically speaking, the resistance of Y109.75-95 kept the pair from rising. The lower bound of Y109. 00 represents the main support level. The most likely range of price movement for today may be hidden within the range of Y109. 00-95.
⦁ Resistance levels are: Y109.75-95, Y110.55, Y110.95
⦁ Support levels are: Y109.00, Y108.70, Y108.40
The main scenario for the pair's promotion - decline to Y109. 00 (April 8 low) and then maybe to Y108. 70 (March 25 low)
An alternative scenario - correction and may be an increase to Y109. 75-95 (April 7-12 highs, session high, MA (200) H1)
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