Forex Trading Library

USD/JPY – 08.11.2024

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USDJPY still holds the uptrend wave where it managed to hit a 154.70 high two days ago.

As we see on the chart, the market still faces the support zone of 1.5130-50, where as long as prices hold above it, the advance wave could expand toward 155.20 and 157.80.

Below 151.30 more of a drop could hit the market to test the trend support around 149.00-20.

SUPPORT RESISTANCE
LEVEL1 151.30 153.45
LEVEL2 150.50 154.70
LEVEL3 149.00-20 155.20

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