Forex Trading Library

USD/JPY – 05.07.2024

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As projected yesterday, the USDJPY pair dropped a few days ago and tested the support of 160.90.

On the Intraday chart, should prices hold below the resistance of 161.70, then 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, the market could move toward 163.80.

LEVEL1 160.50 161.70
LEVEL2 159.75 163.80
LEVEL3 157.60-90 165.00

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