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- USD/JPY fell slightly below the H1 MA (200)
USD/JPY fell slightly below the H1 MA (200)
Today, the USD/JPY pair is mostly declining from 146.20 to 145.05 and on the hourly chart, the pair fell slightly below the MA (200) H1 moving average line (146.40). On the four-hour chart, the pair remains below the MA (200) H4 (148.95). Technically speaking, the support level of 144.80 may keep prices from further declines. In case of its breakdown, the pair may fall to 141.55. The upper boundary of 147.50 represents a resistance level.
⦁ Resistance levels are: 146.40-50, 147.50, 148.50
⦁ Support levels are: 144.80, 141.55, 138.10
The main scenario for the pair suggests a break of support at 144.80 (Dec 11 low) and a possible decline to 141.55 (Aug 4-7 and Dec 7 lows)
The alternative scenario implies a break of resistance at 146.40-50 (Dec 11 high, MA (200)Н1) and a possible rise to 147.50 (Dec 4-6 high).
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