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- USD/JPY rose slightly above MA (200) H1
USD/JPY rose slightly above MA (200) H1
Today, the USD/JPY pair is mainly growing in the range of 145.75-146.95, reaching a 10-day high. On the hourly chart, the pair rose slightly above the moving average line of MA (200) H1 (145.10), but on the four-hour chart, the pair remained below MA (200) H4 (149.00). Technically speaking, the resistance of 147.40 can keep USD/JPY from further growth. If this level is broken, the pair may rise to 149.40. The lower limit of 143.45 represents a strong support level.
⦁ Resistance levels are: 147.40, 148.20, 149.40
⦁ Support levels are: 145.75, 144.65, 143.45
The main scenario for the pair's promotion assumes a decrease of 144.65 (Aug 30 low) and therefore, it may be by 143.45 (Aug 26 low)
An alternative scenario implies a breakout of the resistance of 147.40 (Aug 20 high) and 148.20 (Aug 12 high) and there may be an increase to 149.40 (Aug 15 high)
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