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NewsThe USD/JPY continued its growth yesterday.

The USD/JPY continued its growth yesterday.

Yesterday the USD/JPY traded higher and closed the day in the positive territory near the price of Y144.75. Today it has also slightly increased, having risen to the level of Y145.05. On the hourly chart, USD/JPY is still trading above the moving average line MA (200) H1 (Y143.10). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the north direction in trading, and as long as the USD/JPY remains above MA 200 H1, it may be necessary to look for entry points to buy for the formation of a correction.

  • Resistances levels are at: Y145.05, Y146.00, Y147.00
  • Support levels are at: Y144.15, Y143.75-80, Y143.30

Probably, the main scenario is the resumption of the upward movement to Y145.05 (session high).

The alternative scenario suggests consolidation below MA 200 H1, followed by a fall to Y141.20 (Jun 20 low

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