Forex Trading Library

USD/JPY – 03.12.2024

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USDJPY held above the support of 149.00-40 and managed so far to rebound toward the first resistance at 150.45.

Prices yesterday moved back to test the 149.00-40 support and few pips below.

As long as market remains above 149.00-40, a correction could hit the market toward 151.90.

Below 149.00 more of a drop toward 147.35 is likely.

SUPPORT RESISTANCE
LEVEL1 149.00 150.45
LEVEL2 147.35 151.90
LEVEL3 145.90 153.25

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