Forex Trading Library

USD/JPY – 22.08.2024

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The USDJPY MACD indicator shows a divergence that could push the market higher.

As we see on the chart, the market is facing support around 144.40 and resistance around 146.50-60.

Another advance above 147.35 is likely with resistance at 149.30-50.

Below 144.40, the market could head for a drop with supports around 143.40 and 141.70.

SUPPORT RESISTANCE
LEVEL1 144.40 146.50-60
LEVEL2 143.40 147.35
LEVEL3 141.70 149.30-50

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