Forex Trading Library

USD/JPY – 31.05.2024

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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

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