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- USD / JPY remains below MA (200) H1
USD / JPY remains below MA (200) H1
Today, the USD/JPY pair is trading with a decline from Y109. 75 to Y109. 20, having returned most of the positions gained on Friday. On the hourly chart, the pair fell below the moving average line of MA (200) H1 (Y110. 10), but on the four-hour chart it remains above MA (200) H4 (Y108.80). Technically speaking, the resistance of Y109.95 kept the pair from rising. If it breaks through, prices may rise to Y110. 55. The lower limit of Y109. 00 is the main support level. The most likely range of price movement for today may be hidden within the range of Y109. 00-95.
⦁ Resistance levels are: Y109.95-110.10, Y110.55, Y110.95
⦁ Support levels are: Y109.00, Y108.70, Y108.40
The main scenario for the pair's promotion - decline to Y109. 00 (April 8 low) and then maybe to Y108. 70 (March 25 low)
An alternative scenario - correction and may be an increase to Y109. 95-110. 10 (April 7 and 9 high, MA (200) H1)
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