USD/JPY – 17.07.2024

USD/JPY – 17.07.2024

USDJPY managed to break below 157.60 very rapidly.

As we see on the chart, the market is facing 157.40-60 as a resistance level. If prices hold below it, the downtrend pressure could sustain toward the first target of 155.70 and 154.50.

Above 157.60 more advance toward 159.40 could hit the market.

SUPPORT RESISTANCE
LEVEL1 155.70 157.15
LEVEL2 154.50 157.60
LEVEL3 153.50 159.40

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