Today, the USD/JPY pair is trading in the range Y113.85-Y114.15 and on the hourly chart has again risen above the moving average line MA (200) H1 (Y113.65). On the four-hour chart, the pair is trading above MA (200) H4 (Y113.10). Technically speaking, the upper limit of Y114.45 represents the resistance level. If it breaks through, prices may rise to Y114.70. The lower limit of Y113.65 represents the support level. The most probable range of the pair's movement for today may be hidden within the range Y113.65-114.45.
⦁ Resistance levels are: Y114.30-45, Y114.70, Y115.20
⦁ Support levels are: Y113.65, Y113.10, Y112.70
The main scenario for the pair's promotion — the pair may grow to Y114.30-45 (November 1 and 4 highs)
An alternative scenario — if the level of MA (200) H1 (Y113.65) is broken, then the pair may fall to Y113.10 (November 8 low)
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