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- USD/JPY is testing MA (200) H1
USD/JPY is testing MA (200) H1
Today, since the start of trading, the USD/JPY pair has grown from Y114.95 to Y115.30, but during the European session it dropped sharply to Y114.70. On the hourly chart, the pair tests the moving average line MA (200) H1 (Y115.10) and on the four-hour chart - the level MA (200) H4 (Y114.90). Technically speaking, the resistance level Y115.30 can keep prices from rising. The lower bound of Y114.40 represents the support level.
⦁ Resistance levels are: Y115.30, Y115.75-85, Y116.35
⦁ Support levels are: Y114.70, Y114.40, Y114.15
The main scenario for the pair's promotion — correction, breakout of the session maximum of Y115.30 and there may be an increase to Y115.75-90 (February 14-16 and 25 highs)
An alternative scenario — if the session low of Y114.70 is broken, the pair may fall to Y114.40 (February 24 low)
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