Today, since the beginning of trading, the USD/JPY pair has grown from Y110. 25 to Y110. 45, reaching an almost one-month high, but in the short run it fell to Y110.15. At the time of writing, the pair has slightly recovered to Y110.25. On the hourly chart, USD/JPY is fixed above the moving average line of MA (200) H1 (Y109. 95) and on the four - hour chart-above MA (200) H4 (Y109. 90). Technically speaking, the session maximum of Y110.45 can keep prices from rising. The session minimum of Y110. 15 represents the support level. The most probable range of the pair's movement for today may be hidden within the range Y110. 15-45.
⦁ Resistance levels are: Y110.45-55, Y110.80, Y111.20
⦁ Support levels are: Y110.15, Y109.95, Y109.60
The main scenario for the pair's promotion — if the resistance of Y110.45-55 (August 12-13 highs, session high) is broken, the pair can rise to Y110. 80 (August 11 high)
An alternative scenario — if the session minimum of Y110. 15 is broken, the pair may fall to MA (200) H1 (Y109. 95)
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