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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 in the range Y108. 55-95 and remains below the moving average line MA (200) H1 (Y109.10) on the hourly chart. On the four-hour chart, the situation is similar. In this situation, it is probably necessary to stick to the southern direction in trading and, at the end of the correction, it is worth looking for exit points for selling.
⦁ Resistance levels are: Y109.00-10, Y109.30, Y109.80-95
⦁ Support levels are: Y108.55, Y108.35, Y108.05
The main scenario for the pair's promotion - correction, breakout of the session low of Y108. 55 (May 19 low) and may be a decline to Y108. 35 (May 11 low)
An alternative scenario - the breakout area is Y109.00-10 (May 21-24 high, MA (200) H1) and may be an increase to Y109. 30 (May 19 high)
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