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- USD/JPY rose almost to a one-month high
USD/JPY rose almost to a one-month high
The USD/JPY pair is mostly rising from 149.00 to 150.70 today, reaching almost a one-month high. On the hourly chart, the pair rose slightly above the MA (200) H1 (148.00) moving average line and on the four-hour chart above the MA (200) H4 (149.30). 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 148.00 represents a strong support level.
⦁ Resistance levels are: 150.90, 151.45, 151.95
⦁ Support levels are: 148.90, 148.00, 147.25
The main scenario for the pair suggests a break of the resistance at 150.90 (Feb 12, 26 and 28 highs) and maybe a rise to 151.45 (Nov 16 high).
The alternative scenario implies a decline to 148.90 (March 18 low) and then, maybe, to 148.00 (March 15 low).
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