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- USD/JPY has reached a record high
USD/JPY has reached a record high
Today, the USD/JPY pair is mainly growing in the range of Y139.84-140.50, reaching a record high. On the hourly chart, the pair remains above the moving average line of MA (200) H1 (Y138.05) and on the four-hour chart - above MA (200) H4 (Y135.80). Technically speaking, the psychological level of Y140.00 can keep prices from further growth. The lower bound of Y138.05 represents the support level.
⦁ Resistance levels are: Y140.50, Y141.00, Y142.00
⦁ Support levels are: Y139.85, Y139.05, Y138.05
The main scenario of the pair's promotion assumes growth to the psychological level of Y141.00
An alternative scenario implies a breakout of the session minimum of Y139.85 and there may be a decline to Y139.05 (September 1 low)
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