Forex Trading Library

USD/JPY – 12.08.2024

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USDJPY managed to add more advance above 146.70 while the market faces firm resistance around the 148.50-60 zone.

As we see on the chart and if prices remain below 148.50-60, the downtrend pressure could sustain for another drop toward 140.25-50.

A daily close above 148.60 may activate an advance toward 151.25-80.

SUPPORT RESISTANCE
LEVEL1 146.25 147.90
LEVEL2 145.40 148.60-90
LEVEL3 144.00 151.25-80

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