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- USD/JPY remains below the MA (200) H1.
USD/JPY remains below the MA (200) H1.
Today, the USD/JPY pair is mostly rising from 148.00 to 149.35 after hitting a 9-week low of 147.15 yesterday. On the hourly chart, USD/JPY remains below the MA (200) H1 moving average line (150.20) and on the four-hour chart below the MA (200) H4 (150.00). Technically speaking, the resistance level at 149.35 may keep prices from rising further. If it is broken, the pair may rise to 150.00. The lower boundary of 147.00 represents a strong support level.
⦁ Resistance levels are: 149.35, 150.00-20, 150.80
⦁ Support levels are: 148.00, 147.00-15, 145.90
The main scenario for the pair suggests a break of the session low of 148.00 and a possible decline to 147.00-15 (Sept 14 and Nov 21 lows)
The alternative scenario implies a breakout of the session high of 149.35 and a possible rise to 150.00 (Nov 20 high).
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