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- USD/JPY is trading near a 3-week high
USD/JPY is trading near a 3-week high
Today, the USD/JPY pair is mainly growing in the range of 152.40-153.70, reaching a 3-week high. On the hourly chart, the pair rose slightly above the moving average line MA (200) H1 (152.00) and on the four-hour chart it is testing MA (200) H4 (152.80). Technically speaking, the resistance of 153.70 can keep USD/JPY from further growth. If this level is broken, the pair may rise to 155.00. The lower limit of 150.90 represents a strong support level.
⦁ Resistance levels are: 153.70, 155.00, 155.90
⦁ Support levels are: 151.80, 150.90, 149.40
The main scenario for the pair's promotion assumes a breakout of the session high of 153.70 and may be an increase to 155.00 (Nov 22 high)
An alternative scenario implies a decrease to 151.60 (Dec 12 low) and then, maybe, to 150.90 (Dec 10 low)
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