Today, the USD/JPY pair is trading mainly with an increase of Y109. 40 to Y109. 80, but on the hourly chart it remains below the MA (200) H1 moving average line (Y110. 05). The situation is similar on the four-hour chart. Technically speaking, a strong resistance level of Y110. 05 can keep prices from further growth. If it breaks through, prices may soar Y110. 55. The lower limit of Y109. 50 is the support level. The most probable range of the pair's movement for today can be hidden within the range Y109. 50-110.05
⦁ Resistance levels are: Y110.05, Y110.55, Y110.80
⦁ Support levels are: Y109.50, Y109.10, Y108.70
The main scenario for the pair's promotion — breakout of the session minimum of Y109. 50 and there may be a decline to Y109. 10 (August 16-17 low)
An alternative scenario — the pair may grow to MA (200) H1 (Y110. 05)
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