USD/JPY is trading near a 7-month high. USD/JPY TO DECLINE JULY
Today, the USD/JPY pair is trading in the range Y143.30-95 – near a new 7-month high. On the hourly chart, the pair rose above the moving average line MA (200) H1 (Y142.15) and on the four-hour chart above MA (200) H4 (Y139.60). Technically speaking, the resistance of Y143.95 can keep prices from further growth. The lower bound of Y141.20 represents the support level.
⦁ Resistance levels are: Y143.95, Y145.15, Y146.80
⦁ Support levels are: Y142.65, Y142.15, Y141.20
