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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 144.75-145.60 and is testing the MA (200) H1 (145.55) moving average line on the hourly chart. On the four-hour chart, the pair is trading below MA (200) H4 (148.35). Technically speaking, the support of 145.60 can keep USD/JPY from further decline. In case of breaking through this level, the pair may fall to 144.65. The upper limit of 149.40 represents a strong resistance level.
⦁ Resistance levels are: 147.25, 148.20, 149.40
⦁ Support levels are: 145.60, 144.65, 143.45
The main scenario for the pair's promotion assumes a breakout of the support of 144.65 (Aug 30 low) and may be a decrease to 143.45 (Aug 26 low)
An alternative scenario implies a breakout of the resistance of 147.25 (Sept 2-3 high) and 148.20 (Aug 12 high) and there may be an increase to 149.40 (Aug 15 high)
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