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- USD/JPY is testing MA (200) H1
USD/JPY is testing MA (200) H1
Today, the USD/JPY pair is trading in the range of 151.50-85 after reaching a 34-year high and a psychological level of 152.00 last week. On the hourly chart, the pair is testing the MA (200) H1 (151.40) moving average line and on the four-hour chart it is trading above MA (200) H4 (150.05). Technically speaking, the resistance level of 152.00 can keep prices from further growth. If it breaks through, the pair may rise to 153.00. The lower limit of 150.30 represents a strong support level.
⦁ Resistance levels are: 152.00, 153.00, 154.00
⦁ Support levels are: 151.00, 150.25, 148.90
The main scenario for the pair's promotion assumes a breakout of resistance at 152.00 (March 27 high) and there may be an increase to the psychological level of 153.00
An alternative scenario implies a breakout of the support of 151.00 (March 22 low) and may be a decrease to 150.30 (March 21 low, МА (200) Н1)
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