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- USD/JPY dropped to the lowest value since the beginning of the year
USD/JPY dropped to the lowest value since the beginning of the year
Today, the USD/JPY pair is mainly declining from 142.50 to 140.70, reaching the lowest value since the beginning of the year. On the hourly chart, the pair remains slightly below the moving average line MA (200) H1 (144.25) and on the four-hour chart below MA (200) H4 (146.55). In this situation, the scenario of a further decline in the USD/JPY pair is likely. Finding a sell position can be a wise decision for those who want to take advantage of a stronger Japanese yen.
⦁ Resistance levels are: 143.85-144.25, 145.60, 147.25
⦁ Support levels are: 140.70 140.25, 138.10
The main scenario for the pair's promotion assumes a breakout of the session low of 140.70 and may be a decrease to 140.25 (Dec 28 low)
An alternative scenario implies a breakout of the resistance of 143.85-144.25 (Sept 5-10 highs) and may be an increase to 145.60 ((Sept 4 highs)
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