Forex Trading Library

USD/JPY – 04.09.2024

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USDJPY managed to break below the support of 145.50-75 yesterday and pushed for further lows.

As we see on the chart, prices could drop further with supports at 144.30-40 and 143.40.

The market will face resistance around 146.30-40 and if prices hold below this level, the downtrend pressure could sustain for more lows.

Above 146.40 more advance will be expected with resistance at 147.30.

SUPPORT RESISTANCE
LEVEL1 144.30-40 146.30
LEVEL2 143.40 147.30
LEVEL3 141.70 139.30-50
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