USDJPY

The USD/JPY pair continues to recover from the low of 149.21 last Thursday. There is a possibility of retesting the high of last year around 152.00 as the USD/JPY continues to rise, recently breaking above both the 50-day average and the 200-day average. The pair, which had a brief pause last week, continues to rise since Thursday. If the high of last year around 152.00 is revisited, a larger uptrend towards the next projections at 154.50/155.00 is likely. The 149.84 level can be followed in intraday downward movements. In case of a decline below this level, the supports of 149.66 and 149.42 may become important. In possible increases, 150.37, 150.55 and 151.08 will be watched as resistance levels. Support: 149,840 Resistance: 150,550