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- USD/JPY is testing the MA (200) H1.
USD/JPY is testing the MA (200) H1.
Today, the USD/JPY pair is trading in the range of 142.60-143.70 and is testing the MA (200) H1 moving average line (143.70) on the hourly chart. On the four-hour chart, the pair remains below the MA (200) H4 (147.55). Technically speaking, the support level of 142.25 may keep prices from further decline. In case of its breakdown, the pair may fall to 140.95. The upper boundary of 144.95 represents a resistance level.
⦁ Resistance levels are: 144.10, 144.95, 146.60
⦁ Support levels are: 142.25, 140.95, 138.10
The main scenario for the pair suggests a break of the support at 142.25 (Dec 19 low) and a possible decline to 140.95 (Dec 19 low)
An alternative scenario implies a break of resistance at 144.10 (Dec 20 highs) and maybe a rise to 144.95 (Dec 19 high)
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