Forex Trading Library

USD/JPY – 12.07.2024

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USDJPY managed correct as we saw before and managed yesterday to meet the target of the 157.60-90 zone.

As we see on the chart, Intraday resistance start from 159.65 and should prices hold below it, another drop to re-test the 157.60-90 support zone could hit the market which in turn could activate another rebound.

Above 159.65 more of an advance toward 161.00 could hit the market.

Below 157.60 more of a drop toward 155.70 could be expected.

SUPPORT RESISTANCE
LEVEL1 158.75 159.65
LEVEL2 157.60-90 161.00
LEVEL3 155.70 162.00

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