As shown on our previous chart, USDJPY managed to sustain its advance whilst managing to hit 157.70.
Our target and resistance remains around 158.00 which could give a chance for another drop with support around 155.80.
Above 158.00 a chance for a further advance could hit the market where resistance is around the 160.00 zone.
Below 155.80, more of a drop toward 153.50 is likely.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 156.60 | 158.00 |
| LEVEL2 | 155.80 | 160.00 |
| LEVEL3 | 153.50 | 162.00 |
|
Join our responsible trading community - Open your Orbex account now! |
![Credit Card 160×600 [EN]](https://assets.iorbex.com/blog/wp-content/uploads/2023/06/13144507/Blog-Banner_EN-Banner_160X600X2.webp)
