Forex Trading Library

USD/JPY –16.01.2025

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USDJPY broke below the support of 155.95 yesterday, which could create downtrend pressure and head toward the support zone of 153.15.

Intraday resistance level is at 156.00 and 157.10-20. If prices hold below one of those resistances, the downtrend pressure could continue.

Above 157.20 the market could restore uptrend strength for further advance.

SUPPORT RESISTANCE
LEVEL1 154.90 156.00
LEVEL2 153.80 157.10-20
LEVEL3 153.15 158-50

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