Today, the USD/JPY pair is mostly rising from 146.50 to the 10-month high of 147.35 reached earlier last week. On the hourly chart, the pair moved above the H1 MA (200) moving average line (146.15). On the four-hour chart, the pair remains above the MA (200) H4 (144.00). In this situation, the scenario of further growth of the pair USD/JPY is likely. Finding a sell position may be a wise decision for those who want to benefit from a stronger dollar.
⦁ Resistance levels are: 147.65, 149.60, 152.00
⦁ Support levels are: 146.00-10, 144.45, 143.30
The main scenario for the pair suggests a rise to 147.65 (Nov 7’ 2022 high) and there could be a rise to 149.60 (Oct 24’ 2022 high)
The alternative scenario implies a decline to 146.00-10 (Sep 4 low, MA (200) H1) and may be a decline to 144.45 (Sep 1 low)
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