Technical Analysis
19.11.2020, 13:02

USD / JPY remains below MA (200) H1

Today, the USD/JPY pair rose slightly to Y104.20, after falling yesterday to an almost two-week low of Y103.65. on the hourly chart, the pair fell below the moving average line MA (200) H1 (Y104.70), and on the four - hour chart-below MA (200) H4 (Y104.90). In this situation, finding a sell position may be a wise decision for those who want to take advantage of the stronger Japanese yen.

Resistance levels are at:  Y104.60-70, Y105.15, Y105.65-75

Support levels are at: Y103.65, Y103.15, Y102.00


The main scenario for the pair's promotion - breakout of support Y103. 65 (November 18 low) and continuation of the downward movement to Y103. 15 (November 6-9 low)

An alternative scenario - if the Y104.60-70 (November 17 high, MA (200) H1) area is broken, then the pair is likely to grow to Y105.15 (November 13 high)



Quotes
Symbol Bid Ask Time
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

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