USD/JPY – 08.08.2024
![USD/JPY – 08.08.2024](https://assets.iorbex.com/blog/wp-content/uploads/2024/08/08162836/USDJPY-chart-08.08.2024-750x430.png)
USDJPY managed to add more advance above 146.70 while facing firm resistance around the 148.50-60 zone.
As we see on the chart and if prices hold below the daily close at 148.50-60, the downtrend pressure could sustain for another drop toward 140.25-50.
A daily close above 148.60 could activate an advance toward 151.25-80.
SUPPORT | RESISTANCE | |
LEVEL1 | 145.40 | 148.50-60 |
LEVEL2 | 144.00 | 151.25-80 |
LEVEL3 | 141.70 | 155.20 |
Join our responsible trading community - Open your Orbex account now! |