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- USD/JPY remains below MA (200) H1
USD/JPY remains below MA (200) H1
Today, the USD/JPY pair is trading in the range of 153.85-154.70 after falling on Friday to a new 3-week low of 151.85. On the hourly chart, the pair remains below the MA (200) H1 (155.60) moving average line and on the four-hour chart it is testing MA (200) H4 (153.45). Technically speaking, the resistance level of 156.30 can keep prices from further growth. If it breaks through, the pair may rise to 158.00. The lower limit of 151.55 represents a strong support level.
⦁ Resistance levels are: 156.30, 158.00, 160.20
⦁ Support levels are: 153.00, 151.55-90, 150.80
The main scenario for the pair's promotion assumes a breakout of the support breakout of 153.00 (May 1 low) and may be a decrease to 151.55-90 (April 9 and May 3 lows)
An alternative scenario implies growth by 156.30 (May 2 high) and then, maybe, by 158.00 (May 1 high)
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