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- USD/JPY rose to a nearly 3-week high
USD/JPY rose to a nearly 3-week high
Today, the USD/JPY pair is mostly rising from 144.50 to 145.40, reaching an almost 3-week high. On the hourly chart, the pair has risen above the moving average line МА (200) Н1 (142.45) and is testing the H4 MA (200) H4 (145.30) on the four-hour chart. Technically speaking, the resistance level of 146.00 may keep prices from further growth. In case it is broken, the pair may rise to 146.50. The lower boundary of 141.80 represents a support level.
⦁ Resistance levels are: 146.00, 146.50, 147.50
⦁ Support levels are: 142.85, 141.80, 140.80
The main scenario for the pair suggests a break of the session low of 142.85 and a possible decline to 141.80 (Jan 3 low)
The alternative scenario implies a break of the resistance at 144.95 (Dec 19 high) and a possible rise to 146.00 (Dec 13 high).
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