Today, the USD/JPY pair is trading with a decrease from Y110. 95 to Y110. 60 and on the hourly chart it fell below the moving average line MA (200) H1 (Y110.90). On the four-hour chart, the pair remains above MA (200) H4 (Y110. 00). Technically speaking, a strong support level of Y110.40 can keep prices from further decline. If it breaks through, prices may fall Y109. 60-70. MA (200) H1 (Y110.90) represents the resistance level. The most likely range of oil price movements for today may be hidden within the range Y110. 40-90
⦁ Resistance levels are: Y110.90, Y111.20, Y111.65-70
⦁ Support levels are: Y110.40, Y109.60-70, Y109.20
The main scenario for the pair's promotion - correction, breakout of MA (200) H1 (Y110. 90) and there may be an increase to Y111. 20 (July 5 high)
An alternative scenario - there may be a decrease in the pair to Y110. 40 (June 29-30 low)
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