Forex Trading Library

USD/JPY – 07.06.2024

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The USDJPY pair corrected as prices tested the uptrend support line around the 154.50 zone, as seen on the chart.

The market rebounded and is facing resistance around 156.50.

If prices hold above 154.50, the advance wave could sustain towards the 158.00 and 160.00 levels.

Below 154.50, more of a drop towards the 152.50 – 153.00 zone could hit the market, as intraday levels show trend support at around 155.10.

 

SUPPORT RESISTANCE
LEVEL1 155.10 156.50
LEVEL2 154.50 158.00
LEVEL3 153.50 160.00

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