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- USD/JPY rose to a new historical high
USD/JPY rose to a new historical high
Today, the USD/JPY pair is mainly growing from 154.15 to 154.70, reaching a new historical high. The pair broke through the resistance of 153.40, which became the closest support. On the hourly chart, the pair rose above the moving average line MA (200) H1 (152.60) and on the four-hour chart above MA (200) H4 (150.70). Technically speaking, the resistance level of 155.00 can keep prices from further growth. If it breaks through, the pair may rise to the psychological level of 156.00. The lower limit of 152.60 represents a strong support level.
It is worth noting that the 14-day relative strength index (RSI (14) on D1) is above the level of 70, which signals a possible change in the direction of price movement.
⦁ Resistance levels are: 155.00, 156.00, 157.00
⦁ Support levels are: 154.15, 153.40, 152.60
The main scenario of the pair's promotion assumes a breakthrough of the psychological level of 155.00 and may be an increase to 156.00
An alternative scenario implies a breakout of the session low of 154.15 and support of 153.40 (April 12 high) and there may be a decrease to 152.60 (April 12 low)
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