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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 trading in the 142.05-55 range and on the hourly chart it remains slightly below the MA (200) H1 moving average line (142.90). On the four-hour chart, the pair remains below the MA (200) H4 (147.05). Technically speaking, the support level at 140.95 may keep prices from further declines. If it is broken, the pair may fall to 138.10. The upper boundary of 144.95 represents a resistance level.
⦁ Resistance levels are: 142.90, 144.10, 144.95
⦁ Support levels are: 141.85, 140.95, 138.10
The main scenario of the pair's advance suggests a break of the support at 141.85 (Dec 22 low) and there may be a decline to 140.95 (Dec 14 low)
The alternative scenario implies a break of MA (200)Н1 (141.85) and resistance at 144.10 (Dec 20 high) and a possible rise to 144.95 (Dec 19 high).
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