As we see from the Intraday chart, USDJPY is facing an uptrend channel with resistance around 156.20-40 and support around 153.40-60 which may create a trading zone inside it.
Above 156.40 an advance could move toward 157.80.
Below 153.40 more of a drop could hit the market with support around 151.40-60.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 154.50 | 156.20-40 |
| LEVEL2 | 153.40-60 | 157.00 |
| LEVEL3 | 151.40-60 | 157.80 |
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