Today, the USD/JPY pair is trading in the range of 150.90-151.70 - about a 10-day high. On the hourly chart, the pair rose slightly above the MA (200) H1 (151.40) moving average line, but on the four-hour chart it is trading below MA (200) H4 (152.75). Technically speaking, the resistance of 152.00 can keep USD/JPY from further growth. If this level is broken, the pair may rise to 153.30. The lower limit of 148.80 represents a strong support level. The most likely range of the pair's movement for today may be hidden within the existing range of 148.65-152.00.
⦁ Resistance levels are: 152.00, 153.30, 155.00
⦁ Support levels are: 150.40, 149.40, 148.65
The main scenario for the pair's promotion assumes a breakout of MA (200) H1 (151.40), a decline to 149.40 (Dec 6 low) and then, maybe, to 148.65 (Dec 3 low)
An alternative scenario implies a breakout of resistance at 152.00 (Nov 28 high) and may be an increase to 153.30 (Nov 19 low and Nov 27 high)
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