As we see from our previous chart, USDJPY managed to pass above the short-term resistance zone of 161.95 which shows a strong advance still ongoing.
Prices fell toward 160.50-70 on the suspected intervention before bouncing back toward target 163.80
Market managed to print above 163.80 which may lead for farther advance later
Traders should take precautionary measures as the Bank Of Japan could intervene any time in the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 162.10-40 | 163.80 |
| LEVEL2 | 160.50-70 | 165.50 |
| LEVEL3 | 158.00-50 | 167.00 |
