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- USD/JPY is testing MA (200) H1
USD/JPY is testing MA (200) H1
Today, the USD/JPY pair is mainly declining from 155.40 to 154.10 and on the hourly chart, the pair is testing the MA (200) H1 (154.90) moving average line. On the four-hour chart, the pair remains above MA (200) H4 (152.15). Technically speaking, the support of 153.30 can keep USD/JPY from further decline. If this level is broken, the pair may fall to 152.15. The upper limit of 156.80 represents a strong resistance level.
⦁ Resistance levels are: 155.90, 156.80, 157.90
⦁ Support levels are: 153.30 152.15, 151.30
The main scenario for the pair's promotion assumes an increase to 155.90 (Nov 20 high) and then, maybe, to 156.80 (Nov 15 high)
An alternative scenario implies a breakout of support at 153.30 (Nov 19 low) and may be a decrease to 152.15 (Nov 8 low)
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