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- USD/JPY is trading near the one-year high.
USD/JPY is trading near the one-year high.
The USD/JPY pair is trading in a wide range of 149.80-150-80 today, having reached a one-year high during Asian trading. On the hourly chart, the pair remains slightly above the MA (200) H1 moving average line (149.80) and on the four-hour chart above the MA (200) H4 (148.85). Technically speaking, resistance at 150.80 may keep prices from rising further. If this level is passed, the pair could rise to 152.00. The lower boundary of 149.30 represents a support level.
⦁ Resistance levels are: 150.80, 152.00, 153.00
⦁ Support levels are: 149.80, 149.30, 148.95
The main scenario for the pair suggests a break of the session high of 150.80 and there could be a rise to 152.00 (October 21’ 2022 high).
The alternative scenario implies a break of 149.80 (Oct 25 low, MA (200) H1) and may be a decline to 149.30 (Oct 24 low)
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