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- USD/JPY is growing again and testing MA (200) H1
USD/JPY is growing again and testing MA (200) H1
Today, the USD/JPY pair is mainly growing from 154.55 to 155.90, retreating from the weekly low of 153.30 reached yesterday. On the hourly chart, the pair is testing the MA (200) H1 (154.55) moving average line and on the four-hour chart it remains above MA (200) H4 (151.90). Technically speaking, the resistance of 156.80 can keep USD/JPY from further growth. If this level is broken, the pair may rise to 157.90. The lower limit of 153.30 represents a strong support level.
⦁ Resistance levels are: 156.80, 157.90, 159.50
⦁ Support levels are: 154.55. 153.30, 152.10
The main scenario for the pair's promotion assumes an increase to 156.80 (Nov 15 high) and then, maybe, to 157.90 (July 19 high)
An alternative scenario implies a decrease to the session minimum and MA (200) H1 (154.55) and then, maybe, to 153.30 (Nov 19 low)
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