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- The USD / JPY pair is trading lower, but remains slightly above the MA (200) H1
The USD / JPY pair is trading lower, but remains slightly above the MA (200) H1
Today, the USD / JPY pair is trading lower in the Y104.25-45 range, but remains slightly above the MA (200) H1 moving average line (Y104.20). On the four-hour chart, it is trading below MA (200) H4 (Y104. 65). Support for Y104.15 may deter further declines. If it is passed, the pair may fall to Y103. 65. The upper limit of Y104.75 is resistance. If it is passed, the pair may rise to Y105.15. The most likely range of price movement to date may be hidden within the existing range Y104.15-75.
⦁ Resistance levels are at: Y104.75, Y105.15, Y105.65-75
⦁ Support levels are at: Y104.15-20, Y103.65, Y103.15
The main scenario for the pair's promotion - break the area Y104.15-20 (November 24 low, MA (200) H1) and a likely decline in the pair to Y103. 65 (November 18 low).
An alternative scenario - if the resistance is broken through Y104.75 (November 24 high), the pair is likely to grow to Y105.15 (November 16 high)
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