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- The USD / JPY pair has grown slightly and is testing the MA (200) H1
The USD / JPY pair has grown slightly and is testing the MA (200) H1
Today, the USD/JPY pair is trading in the range Y103. 95-Y104. 30, after falling last week to a two-week low of Y103. 65. The pair is testing the moving average line of MA (200) H1 (Y104.20) and remains below MA (200) H4 (Y104.40) on the four-hour chart. Technically speaking, the session high of Y104.30 can keep USD/JPY from further growth. If it breaks through, the price may rise to Y104.75. The session low of Y103.95 represents the support level. If this level is passed, the pair may follow a correction to Y103.65. The most likely range of price movement for today may be hidden within the range Y103. 95-Y104.30.
⦁ Resistance levels are at: Y104.30, Y104.75, Y105.15
⦁ Support levels are at: Y103.95, Y103.65, Y103.15
The main scenario for the pair's promotion - correction and decline to the session low of Y103.95, and then, probably, to Y103.65 (December 3 low)
An alternative scenario - if the session high of Y104.30 is broken, the pair is likely to grow to Y104. 75 (December 2 high)
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