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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 141.85-144.00 and is testing the MA (200) H1 (141.85) moving average line on the hourly chart. On the four-hour chart, the pair remains below MA (200) H4 (144.75). Technically speaking, the resistance of 144.25 can keep USD/JPY from further growth. If this level is broken, the pair may rise to 147.25. The lower limit of 139.60 represents a strong support level.
⦁ Resistance levels are: 144.25, 145.55, 147.25
⦁ Support levels are: 141.85. 140.30, 139.60
The main scenario for the pair's promotion assumes a breakout of the support of 141.85 (session low, MA (200) H1) and 140.30 (Sept 17 low) and there may be a decrease to 139.60 (Sept 16 low)
An alternative scenario implies a breakout of the resistance of 144.25 (Sept 5 high) and there may be an increase to 145.55 (Sept 4 high)
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