USD/JPY – 05.08.2024

USD/JPY – 05.08.2024

USDJPY managed to meet the target of 146.00-50 and also continued to drop today.

As we see on the chart, prices are facing supports around 141.65 and 140.20 and a rebound will be expected toward 144.00 or 145.60.

Below 140.20, a further drop will be expected with support around 137.20 which could push for a rebound correction as well

SUPPORT RESISTANCE
LEVEL1 141.65 144.00
LEVEL2 140.20 145.60
LEVEL3 137.20 147.00

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