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- USD/JPY is trading below MA (200) H1
USD/JPY is trading below MA (200) H1
Today, the USD/JPY pair is trading mainly with an increase in the range of Y109. 30-65 and on the hourly chart it remains slightly below the moving average line of MA (200) H1 (Y110.10). On the four-hour chart, the pair is trading below MA (200) H4 (Y110. 35). Technically speaking, the support level of Y109. 30 can keep prices from further decline. The upper limit of Y109. 95-110. 00 represents the resistance level.
⦁ Resistance levels are: Y109.95-110.00, Y110.30, Y110.60
⦁ Support levels are: Y109.30, Y109.05, Y108.55
The main scenario for the pair's promotion - if the support of Y109. 30 (July 20 low, session minimum) is broken, the pair may fall to Y109. 05 (July 19 low)
An alternative scenario - the pair may grow to Y109. 95-110. 00 (July 29 high, MA (200) H1)
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