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- USD/JPY is testing MA (200) H1
USD/JPY is testing MA (200) H1
Today, the USD/JPY pair is trading in the range of 144.85-146.10 and is testing the MA (200) H1 (146.90) moving average line on the hourly chart. On the four-hour chart, the pair remains below MA (200) H4 (152.10). Technically speaking, the support of 144.45 is still keeping USD/JPY from further decline. If this level is broken, the pair may fall to 141.70. The upper limit of 149.45 represents a strong resistance level.
⦁ Resistance levels are: 147.40, 149.45, 151.00
⦁ Support levels are: 144.45, 141.70, 140.25
The main scenario for the pair's promotion assumes a breakout of support at 144.45 (Aug 21 low) and may be a decrease to 141.70 (Aug 5 low)
An alternative scenario implies a breakout of the resistance of 147.40 (Aug 20 high) and there may be an increase to 149.45 (Aug 15-16 high)
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