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- USD/JPY is testing MA (200) H1
USD/JPY is testing MA (200) H1
Today, the USD/JPY pair is mainly growing in the range of 153.70-155.30 and is testing the MA (200) H1 moving average line (155.30) on the hourly chart. On the four-hour chart, the pair remains below MA (200) H4 (158.40). Technically speaking, the resistance of 155.30 can keep USD/JPY from further growth. If this level is broken, the pair may rise to 157.85. The lower limit of 152.00 represents a strong support level.
⦁ Resistance levels are: 155.30, 157.85, 159.45
⦁ Support levels are: 153.05, 152.00, 150.80
The main scenario for the pair's promotion assumes a decrease to 153.05 (July 19) and then, maybe, to 152.00 (May 3 and July 25 low)
An alternative scenario implies a breakout of the session maximum and MA (200) H1 (155.30) and there may be an increase to 157.85 (July 19 high)
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