Forex Trading Library

USD/JPY – 30.05.2024

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As we predicted yesterday and on the chart, the USDJPY pair managed to sustain an advance and hit 157.70.

Our target and resistance is still around 158.00, which could give a chance for another drop, with support around 155.80

Above 158.00, a chance for further upside momentum could hit the market with resistance at the 160.00 zone.

Below 155.80, more of a drop towards 153.50 could hit the market.

SUPPORT RESISTANCE
LEVEL1 156.60 158.00
LEVEL2 155.80 160.00
LEVEL3 153.50 162.00

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