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- USD/JPY is testing MA (200) H1
USD/JPY is testing MA (200) H1
Today, the USD/JPY pair is trading in the Y133.25-85 range and is testing the MA (200) H1 (Y134.10) moving average line on the hourly chart. On the four-hour chart, USD/JPY rose slightly above MA (200) H4 (Y132.90). Technically speaking, the resistance of Y135.10 can keep prices from rising. The lower bound of Y132.00 represents a strong support level.
⦁ Resistance levels are: Y134.75, Y135.10, Y137.00
⦁ Support levels are: Y133.25, Y132.00, Y131.50
The main scenario of the pair's promotion assumes a breakout of the resistance of Y134.75 (April 24 high) and there may be an increase to Y135.10 (March 15 and April 19 high)
An alternative scenario assumes a breakout of the session minimum of Y133.25 and there may be a decline to Y132.00 (April 13 low).
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