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- The USD / JPY pair rose to a one-week high
The USD / JPY pair rose to a one-week high
Today, the USD / JPY pair rose sharply from Y104.20 to Y104.75, reaching a one-week high. The pair rose above the moving average line of MA (200) H1 (Y104.20) and slightly above MA (200) H4 (Y104.50) on the four - hour chart. The y104.75 resistance is still holding USD / JPY from further growth. If it is passed, the pair may rise to Y105.15. The lower bound of Y104.15-20 represents support. 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, Y105.70
⦁ Support levels are at: Y104.15-20, Y103.65-80, Y103.15
The main scenario for the pair's promotion - correction and decline to Y104. 15-20 (December 1 low, session low, MA (200) H1)
An alternative scenario - if the resistance is broken through Y104.75 (November 24 high, session high), the pair is likely to grow to Y105. 15 (November 13-16 high)
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