Yesterday, the USD/JPY pair traded lower and closed the day in the red zone around the price of 147.55. Today, on the contrary, the pair has grown slightly, rising to the level of 148.15. On the hourly chart, USD/JPY is still trading above the moving average line MA (200) H1 (147.55). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the northern direction in trading and while the pair remains above the MA 200 H1, may be you need to look for entry points to buy when a correction is formed.
Probably, the main scenario is a resumption of growth to 148.45 (Sep 21 high).
The alternative scenario involves consolidation below MA 200 H1, followed by a fall to 145.90 (Sep 11 low).
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