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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 153.90-154.95 and is testing the MA (200) H1 (154.95) moving average line on the hourly chart. On the four-hour chart, the pair remains above MA (200) H4 (152.30). 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: 154.95, 155.90, 156.75
⦁ Support levels are: 153.90 153.30, 152.15
The main scenario for the pair's promotion assumes a breakout of the session maximum and MA (200) H1 (154.95) and there may be an increase to 155.90 (Nov 20 high)
An alternative scenario implies a breakout of the support of 153.90 (Nov 21 low) and may be a decrease to 153.30 (Nov 19 low)
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