Forex Trading Library

USD/JPY 02.08.2024

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The USDJPY pair managed to hold below the resistance of 151.80 yesterday to meet the target of 148.50.

As we see over the Daily chart, if prices remain above the support 148.50, a chance for rebound could happen with resistances at the 151.25-80 zone and 153.90.

Below 148.50, the market could add more of a drop toward the 146.00-50 zone.

 

SUPPORT RESISTANCE
LEVEL1 148.50 149.80
LEVEL2 146.00-50 151.25-80
LEVEL3 143.40 153.90
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