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- USD/JPY is testing the MA (200) H1.
USD/JPY is testing the MA (200) H1.
Today the pair USD/JPY is trading in the range of 147.60-148.30 and on the hourly chart it is testing the moving average line of MA (200) H1 (148.35). On the four-hour chart, the situation is similar. Technically speaking, the support level of 146.65 may keep prices from further decline. In case of its breakdown, the pair may fall to 145.90. The upper boundary of 150.00 represents a strong resistance level.
⦁ Resistance levels are: 148.80, 149.20-150.00, 150.80
⦁ Support levels are: 147.60, 146.65, 145.90
The main scenario for the pair suggests a breakout of the 147.60 session low and a possible decline to 146.65 (Nov 29 low)
The alternative scenario implies a break of resistance at 148.80 (Nov 28 high) and a possible rise to 149.20-150.00 (Nov 20 and 22-24 highs).
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