Forex Trading Library

USD/JPY – 05.11.2024

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As we advised last week and as we see over our previous chart

USDJPY managed to hit another drop correction movement where market managed to re-test support zone 151.40-50 yesterday

As we advised before and as long as market holding trades above this support zone 151.40-50 the advance wave may sustain toward 153.60 and 155.20

Below 151.40 more drop toward 149.00 will be expected

 

SUPPORT RESISTANCE
LEVEL1 151.40-50 153.60
LEVEL2 150.40 155.20
LEVEL3 149.00 157.85

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