Technical Analysis
30.07.2024, 12:07

USD/JPY is testing MA (200) H1

Today, the USD/JPY pair is mainly growing in the range of 153.70-155.30 and is testing the MA (200) H1 moving average line (155.30) on the hourly chart. On the four-hour chart, the pair remains below MA (200) H4 (158.40). Technically speaking, the resistance of 155.30 can keep USD/JPY from further growth. If this level is broken, the pair may rise to 157.85. The lower limit of 152.00 represents a strong support level.


Resistance levels are: 155.30, 157.85, 159.45

Support levels are:  153.05, 152.00, 150.80


The main scenario for the pair's promotion assumes a decrease to 153.05 (July 19) and then, maybe, to 152.00 (May 3 and July 25 low)

An alternative scenario implies a breakout of the session maximum and MA (200) H1 (155.30) and there may be an increase to 157.85 (July 19 high)

Quotes
Symbol Bid Ask Time
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

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