USD/JPY – 16.08.2024

USD/JPY – 16.08.2024

USDJPY moved higher yesterday on economic figures and managed to test the resistance of 149.30-50.

As we see over the Intraday chart, the market is facing support around 147.80. If prices hold above it, an advance could move toward 149.30-50.

Below 147.80 there is a chance for a further drop to test 146.30.

Below 146.30 more of a drop toward 145.50 and 144.00 is expected.

Above 149.50, prices could push towards 151.80.

SUPPORT RESISTANCE
LEVEL1 147.80 149.30-50
LEVEL2 146.30 151.80
LEVEL3 145.50 155.20

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