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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 155.50-156.00 and is testing the MA (200) H1 (155.70) moving average line on the hourly chart. On the four-hour chart, the pair rose slightly above MA (200) H4 (154.55). Technically speaking, the resistance level of 156.80 can keep prices from further growth. If it breaks through, the pair may rise to 158.00. The lower limit of 151.90 represents a strong support level.
⦁ Resistance levels are: 156.80, 158.00, 160.20
⦁ Support levels are: 153.60, 151.90, 150.80
The main scenario for the pair's promotion assumes a breakout of the resistance of 156.80 (May 14 high) and there may be an increase to 158.00 (May 1 high)
An alternative scenario implies a decrease to 153.60 (May 16 low) and then, maybe, to 151.90 (May 3 low)
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