Forex Trading Library

USD/JPY – 10.06.2024

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

The market managed to rebound today to print a price of 157.18.

Intraday levels show the first support at around 156.40, whereas if prices hold above this area, a further advance could move towards 158.00 and higher.

Below 156.40, more of a drop could hit the market with the second support around the 154.50-155.00 zone.

Below 154.50, more of a drop toward the 152.50 – 153.00 area could happen.

SUPPORT RESISTANCE
LEVEL1 156.40 157.20
LEVEL2 155.10 158.00
LEVEL3 154.50 160.00

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