Forex Trading Library

USD/JPY – 27.06.2024

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USDJPY managed yesterday to break above the 160.00-20 resistance zone which could keep the uptrend going towards the second target of 162.00.
On the chart, prices are facing the first intraday support around 159.75-95. If prices hold above this area, then the advance wave could sustain toward 162.00.
Below 159.75, more of a drop could hit the market with support around 158.65 and 157.50-70.

SUPPORT RESISTANCE
LEVEL1 159.75-95 160.85
LEVEL2 158.65 162.00
LEVEL3 157.50-70 163.80

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