USDJPY fell below the support of 147.80 and managed to move toward and break the support of 146.30.
As we see on the chart, the market is facing the first resistance around 146.60-80 . If prices remain below this level then the downtrend pressure could sustain over market for a drop toward 144.05-20 and lower.
Above 146.80 more advance could be expected with resistances at 148.05-25 and 149.30-50.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 145.20 | 146.60-80 |
| LEVEL2 | 144.05-20 | 148.05-25 |
| LEVEL3 | 143.40 | 149.30-50 |
|
Join our responsible trading community - Open your Orbex account now! |