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- USD/JPY is testing the MA (200) H1
USD/JPY is testing the MA (200) H1
Today, the pair USD/JPY is mostly rising from Y138.75 to Y139.75, regaining most of the positions lost yesterday. On the hourly chart, the pair is testing the MA (200) H1 (Y139.55) moving average line. On the four-hour chart, the pair remains above the MA (200) H4 (Y137.30). Technically speaking, the resistance of Y140.45 may keep the prices from further growth. The lower boundary of Y138.20-45 is a support level.
⦁ Resistance levels are: Y139.75, Y140.25-45, Y140.95
⦁ Support levels are: Y138.75, Y138.20-45, Y137.30
The basic scenario of advancement of pair assumes breakthrough of a session maximum Y139.75 and can be increase to Y140.25-45 (June 5 and 7 highs)
The alternative scenario assumes a session low of Y138.75 and may decrease to Y138.20-45 (May 23-24 and June 1 lows)
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