USDJPY managed to advance yesterday after US Inflation figures, while the market tested a downtrend line around 154.80.
As we see over the Intraday chart and as long as the market holds below 154.80, a chance for a trading zone toward 152.50 is likely.
Above 154.80 more advance could hit the market with resistance around 156.75.
Prices retreated towards the target and support of 152.40-50.
Below 152.40 more of a drop will be expected with support around 150.90.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 152.40-50 | 154.50-80 |
| LEVEL2 | 150.90 | 156.75 |
| LEVEL3 | 149.35 | 158.85 |
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