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- USD/JPY is testing the MA (200) H1
USD/JPY is testing the MA (200) H1
Today, the USD / JPY pair is trading in the range Y104.15-65, after a sharp increase yesterday from Y103.65 to Y104.65. On the hourly chart, the pair tests the moving average line MA (200) H1 (Y104.30), and on the four-hour chart it remains below MA (200) H4 (Y104.75). If the Y104.65 resistance is broken, the pair may rise to Y105.15. The session minimum of Y104.15 represents the support level. If this level is passed, the pair may follow a correction to Y103.65. The most likely range of price movement to date may be hidden within the existing range Y104.15-65.
⦁ Resistance levels are at: Y104.65, Y105.15, Y105.65-75
⦁ Support levels are at: Y104.15, Y103.65, Y103.15
The main scenario for the pair's promotion - break the session low of Y104.15 and probably decline to Y103. 65 (November 18 low).
An alternative scenario - if the resistance is broken through Y104.65 (November 23 high, session high), the pair is likely to grow to Y105. 15 (November 16 high)
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