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- USD/JPY fell to a 3-month low.
USD/JPY fell to a 3-month low.
Today, the USD/JPY pair is trading in the range of 146.20-147.10, having reached a 3-month low. On the hourly chart, the pair fell slightly below the H1 MA (200) middle line (148.30). On the four-hour chart, the situation is similar. Technically speaking, the support level at 146.20 may keep the prices from further decline. In case of its breakdown, the pair may fall to 145.90. The upper boundary of 148.80 represents a strong resistance level.
⦁ Resistance levels are: 147.10, 148.30, 148.80
⦁ Support levels are: 146.20, 145.90, 144.45
The main scenario for the pair suggests a break of the session low of 146.20 and a possible decline to 145.90 (Sep 11 low)
The alternative scenario implies a break of the session high of 147.10 and a possible rise to 148.30 (Dec 1 high, MA (200) H1).
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