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- USD/JPY is trading near the one-month high.
USD/JPY is trading near the one-month high.
Today, the USD/JPY pair is trading in the range of 144.85-145.50, after rising yesterday to a one-month high of 146.40. On the hourly chart, the pair remains above the H1 MA (200) moving average line (144.25). On the four-hour chart, the pair moved above the MA (200) H4 (144.60). Technically speaking, the resistance level at 146.60 may keep prices from rising further. In case it is broken, the pair may rise to 147.50. The lower boundary of 143.40 represents a support level.
⦁ Resistance levels are: 146.40-60, 147.50, 148.50
⦁ Support levels are: 144.60, 143.40, 142.85
The main scenario for the pair suggests a break of resistance at 146.40-60 (Dec 11 and Jan 11 high) and a possible rise to 147.50 (Dec 4-6 high)
The alternative scenario implies a break of the support at 144.60 (Jan 11 low) and a possible decline to 143.40 (Jan 9 low).
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