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- USD/JPY remains slightly below MA (200) H1
USD/JPY remains slightly below MA (200) H1
Today, the USD/JPY pair is trading in the range of 155.35-156.40 after falling this week to a 2-week low of 154.55. On the hourly chart, USD/JPY remains slightly below the moving average line of MA (200) H1 (156.55) and on the four-hour chart, MA (200) H4 (155.90) is testing. Technically speaking, the resistance level of 156.50 can keep the pair from further growth. If it breaks through, the pair is likely to rise to 157.70. The lower limit of 153.60 represents a strong support level.
⦁ Resistance levels are: 156.50-70, 157.70, 158.00
⦁ Support levels are: 154.55, 153.60, 151.90
The main scenario for the pair's promotion assumes a decrease to the session minimum of 155.35 and then, maybe, to 154.55 (June 4 low)
An alternative scenario implies a breakout of the resistance of 156.50-55 (June 4 high, MA (200) H1) and there may be an increase to 157.70 (May 29 high)
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