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- USD/JPY is testing the MA (200) H1
USD/JPY is testing the MA (200) H1
Today, the USD/JPY pair is trading in the range of 143.20-144.10 and is testing the MA (200) H1 moving average line (143.85) on the hourly chart. On the four-hour chart, the pair remains below the MA (200) H4 (147.75). Technically speaking, the resistance level of 146.60 may keep prices from further growth. If it is broken, the pair may rise to 147.50. The lower boundary of 140.95 represents a support level.
⦁ Resistance levels are: 144.95, 146.60, 147.50
⦁ Support levels are: 142.25, 140.95, 138.10
The main scenario for the pair suggests a break of the support at 142.25 (Dec 19 low) and a possible decline to 140.95 (Dec 19 low)
The alternative scenario implies a break of the range 144.95 (Dec 19 high) and a possible rise to 146.60 (Dec 11 high).
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