Today, the USD/JPY pair is mainly growing from Y141.75 to Y143.30 after falling yesterday from a new maximum value since 1998 (Y145.90) to a 2-week low of Y140.35. On the hourly chart, the pair is testing the MA (200) H1 (Y143.35) moving average line, but on the four-hour chart it remains above MA (200) H4 (Y139.30). Technically speaking, the resistance of Y145.90 can keep prices from further growth. The lower bound of Y140.35 represents the support level.
⦁ Resistance levels are: Y143.35, Y145.00, Y145.90
⦁ Support levels are: Y141.75, Y140.35, Y139.00
The main scenario of the pair's promotion assumes a breakthrough of MA (200) H1 (Y143.35) and there may be an increase to Y145.90 (September 22 high)
An alternative scenario implies a breakout of the session minimum of Y141.75 and there may be a decline to Y140.35 (September 22 low)
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