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- USD/JPY is testing MA (200) H1
USD/JPY is testing MA (200) H1
Today, the USD/JPY pair is trading mainly with growth in the range of Y134.50-135.45 slightly below the 24-high of Y136.70 reached last week. On the hourly chart, USD/JPY is testing the moving average line of MA (200) H1 (Y134.90), but on the four-hour chart it remains above MA (200) H4 (Y131.20). Technically speaking, the resistance of Y136.70 can keep prices from rising. The lower bound of Y133.20 represents the support level.
⦁ Resistance levels are: Y136.70, Y137.00, Y138.00
⦁ Support levels are: Y134.25, Y133.20, Y131.50
The main scenario for the pair's promotion — the resistance breakthrough is Y136.70 (June 21-22 high) and there may be an increase to the psychological level of Y137.00
An alternative scenario — support breakout is Y134.23 (June 23 low) and there may be a decline to Y133.20 (June 16 low)
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