USDJPY moved higher to close towards the resistance zone at 156.75-157.40.
As we see over the chart the market is facing a support zone around 153.90-154.40, where as long as prices hold above it, a chance for more advance towards the 156.75-157.40 resistance zone is likely.
If prices remain below the resistance zone of 156.75-157.40, the pressure will resume to push for another drop wave.
Below 153.90, the pressure could restore strength for more of a downturn.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 153.90-154.40 | 156.75 |
| LEVEL2 | 152.00 | 157.40 |
| LEVEL3 | 149.40 | 159.00-40 |
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