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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 150.25-70 range - near the 3-month high of 150.90 reached last week. On the hourly chart, USD/JPY is testing the MA (200) H1 (150.25) moving average line and remains above the MA (200) H4 (148.30) on the four-hour chart. Technically speaking, the resistance level at 150.90 may keep prices from rising further. In case it is broken, the pair may rise to 151.45. The lower boundary of 150.00 represents a support level.
⦁ Resistance levels are: 150.75-90, 151.45, 151.95
⦁ Support levels are: 150.00, 149.50, 148.90
The main scenario for the pair suggests a break of resistance at 150.75-90 (Feb 13 and 23 highs) and maybe a rise to 151.45 (Nov 15-16 high)
The alternative scenario implies a break of support at 150.00 (Feb 22 low) and may be a decline to 149.50 (Feb 15 low)
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