Forex Trading Library

USD/JPY – 01.07.2024

0 2

As projected last week and as seen on our previous chart, the USDJPY pair managed to break above the 160.00-20 resistance zone, which could keep the uptrend toward the second target of 162.00.

On the chart, the market is facing the first intraday support of around 159.75-95. If prices remain above it, 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.

LEVEL1 159.75-95 161.25
LEVEL2 158.65 162.00
LEVEL3 157.50-70 163.80

Join our responsible trading community - Open your Orbex account now! 

Leave A Reply

Your email address will not be published.