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- The USD / JPY pair is trading below the MA (200) H1
The USD / JPY pair is trading below the MA (200) H1
Today, the USD / JPY pair is trading mainly with growth in the range Y103. 95-Y104. 10, but remains below the moving average line MA(200) H1 (Y104. 20). On the four-hour chart, the pair is trading below the MA (200) H4 (Y104. 40). Technically speaking, the area of Y104.20-30 can keep USD/JPY from further growth. If it breaks through, the price may rise to Y104. 75. Yesterday's low of Y103. 90 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. 90-Y104.30.
⦁ Resistance levels are: Y104.20-30, Y104.75, Y105.15
⦁ Support levels are: Y103.90, Y103.65, Y103.15
The main scenario for the pair's promotion - correction, a break of Y103. 90 (December 7 low), and then probably a decline to Y103. 65 (December 3 low)
An alternative scenario - if the Y104.20-30 (November 7 high, MA (200) H1) area is broken, then the pair is likely to grow to Y104. 75 (December 2 high)
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