USD/JPY – 02.01.2024

USD/JPY – 02.01.2024

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

USDJPY managed to hit another drop correction after the second test of resistance 157.85 where managed to hit drop toward 156.00 and rebound again to re-test 157.85 resistance

As we see over the Daily chart, the Short-Run suggesting a drop correction wave may hit the market where resistances laying at 157.85 and 159.45 where one of those resistance may keep the chance for such drop correction wave toward 150.90-151.20 zone

Above 159.45 more advance may hit the market where resistance laying at 161.95

 

SUPPORT RESISTANCE
LEVEL1 155.95 157.85
LEVEL2 154.90 159.45
LEVEL3 153.15 161.95

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