Technical Analysis
05.08.2022, 11:53

USD/JPY is testing MA (200) H1

Today, the USD/JPY pair is trading in the range of Y132.55-133.50, retreating on Tuesday from a 2-month low of Y130.40. On the hourly chart, the pair tests the moving average line MA (200) H1 (Y134.00) and on the four-hour chart remains below MA (200) H4 (Y135.90). Technically speaking, the resistance Y134.75 can keep prices from further growth. The lower bound of Y130.40 represents the support level.



Resistance levels are:Y134.65, Y137.45, Y138.00

Support levels are: Y132.25, Y130.40, Y129.50

The main scenario for the pair's promotion is a breakout of support Y132.25 (August 3 low) and there may be a decline of Y130.40 (June 6 and August 1 low)

An alternative scenario is a breakout of the resistance of Y134.65 (July 29 and August 3 high) and there may be an increase to Y137.45 (July 27 high)

Symbol Bid Ask Time

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