As we see on our previous chart, the USDJPY pair managed to break below 157.60 rapidly and hit the first target of 155.70.
Prices are now facing resistances around 156.75 and 157.40-60. If prices hold below one of those resistances, the downtrend pressure could sustain toward 154.50.
Above 157.60 more of a move toward 159.40 could happen.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 155.50 | 156.75 |
| LEVEL2 | 154.50 | 157.40-60 |
| LEVEL3 | 153.50 | 159.40-60 |
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