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- USD/JPY is testing MA (200) H1
USD/JPY is testing MA (200) H1
Today, the USD/JPY pair is mainly declining from Y144.60 to Y143.55 after rising last week to an 8-month high of Y145.10. On the hourly chart, the pair tests the moving average line MA (200) H1 (Y144.25) and on the four-hour chart remains above MA (200) H4 (Y141.20). Technically speaking, the support of Y143.30 can keep prices from further decline. The upper bound of Y145.10 represents the resistance level.
⦁ Resistance levels are: Y144.70, Y145.10, Y146.90
⦁ Support levels are: Y143.30, Y142.65, Y141.60
The main scenario of the pair's promotion assumes a breakout of the resistance of Y144.70 (July 5 high) and there may be an increase to Y145.10 (June 30 high)
An alternative scenario assumes a breakout of support Y143.30 (June 27 low) and may be a decline to Y142.65 (June 23 low)
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