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- USD/JPY fell slightly below the MA (200) H1.
USD/JPY fell slightly below the MA (200) H1.
Today the USD/JPY pair is trading in the 14795-148.85 range and on the hourly chart it fell slightly below the MA (200) H1 moving average line (149.20). On the four-hour chart, the situation is similar. Technically speaking, the resistance level of 150.00 may keep prices from further growth. If it is broken, the pair may rise to 150.80. The lower boundary of 147.15 represents a strong support level.
⦁ Resistance levels are: 149.80-150.00, 150.80, 151.45
⦁ Support levels are: 147.95, 147.00-15, 145.90
The main scenario for the pair suggests a break of the 147.95 session low and a possible decline to 147.00-15 (Sept 14 and Nov 22 lows)
The alternative scenario implies a break of the H1 MA (200) (149.20) and resistance at 149.80-150.00 (Nov 20 and 22-24 highs) and a possible rise to 150.80 (Nov 17 high).
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