Forex Trading Library

USD/JPY – 20.12.2024

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USDJPY managed to sustain an advance wave and hit the target of 155.85 and above.
As we see over the Daily chart, the short term suggests a correction could hit the market with resistances at 157.85 and 159.45, where one of those resistance could maintain the chance for a drop toward the 150.90-151.20 zone.
Prices managed today to test the first resistance level of 157.85 which managed so far to drop toward 156.60.
Above 159.45 more advance could hit the market with resistance at 161.95.

SUPPORT RESISTANCE
LEVEL1 156.20 157.85
LEVEL2 154.90 159.45
LEVEL3 153.15 161.95

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