Forex Trading Library

USD/JPY – 04.07.2024

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USDJPY managed to hit a fast drop yesterday and managed to test the support 160.90.

As we see over the Intraday chart, if prices hold below the resistance of 161.70, another drop could hit the market to test the 159.75-95 support, which in turn could activate another advance.

Below 159.75, more of a drop toward 157.60-90 could hit the market.

Above 161.70, prices could advance toward 163.80.

LEVEL1 160.75 161.70
LEVEL2 159.75 163.80
LEVEL3 157.60-90 165.00

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