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- USD/JPY is testing the resistance of MA (200) H1
USD/JPY is testing the resistance of MA (200) H1
Today, the USD/JPY pair rose from Y104. 70 to Y105. 15 and is testing the MA (200) H1 (Y105.00) moving average line. On the four-hour chart, the pair remains above MA (200) H4 (Y104. 00). Technically speaking, Y105.15-25 represents the resistance level. If this level is passed, then prices may rise to Y105. 75. The lower limit of Y104. 40 is the support level. The most likely range of price movement for today may remain in the existing range of Y104. 70-Y105.15.
⦁ Resistance levels are: Y105.15-25, Y105.75, Y106.10
⦁ Support levels are: Y104.40-55, Y104.00, Y103.55
The main scenario for the pair's promotion - correction and decline to Y104. 40-55 (February 9-11 lows).
An alternative scenario - breakout area is Y105.15-25 (February 2 and 9 highs, session high), and there may be an increase to Y105. 75 (February 5 high)
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