USDJPY managed to test the support zone of 151.40-50 last Friday and rebound towards the target 153.80.
As we see over the chart, the advance wave is still ongoing and if prices remain above the support of 151.40-50, the advance wave could expand toward 155.20
Below 150.40 the market could head a further drop toward 147.50.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 151.40-50 | 153.80-90 |
| LEVEL2 | 150.40 | 155.20 |
| LEVEL3 | 148.50 | 157.85 |
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