As we advised yesterday and as seen on our previous chart, USD/JPY retreated from the 147.20 resistance zone, testing the first support at 145.90 today.
As long as the market holds below the 147.20 resistance, further declines towards the 144.50-70 zone are possible.
If the market moves above 147.20, a rally towards the 149.30-40 zone may occur.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 145.90 | 147.20 |
| LEVEL2 | 144.50-70 | 149.40 |
| LEVEL3 | 143.20 | 150.35 |
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