Forex Trading Library

USD/JPY – 25.06.2024

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USDJPY managed to pass the 158.00 resistance where prices are now closing to the second target 160.00.
As we see over the Intraday chart, and as long as prices hold below the resistance of 160.00, a correction could hit the market toward 157.50-70 or the 156.50-70 support zone.
One of those support levels could push again for another advance as seen on the chart with resistances at 160.00 and 162.00.

LEVEL1 158.70 160.00
LEVEL2 157.50-70 162.00
LEVEL3 156.50-70 163.80

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