USD/JPY broke above the 147.20 resistance level last Friday, reaching a high of 149.11, approaching the target of 149.40.
According to the intraday chart, the market is still facing resistance around the 149.40-149.50 zone, which could trigger a corrective drop toward 148.00 and the 147.00-147.20 area.
If the market breaks above 149.50, it may advance further toward the 150.90-151.25 zone.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 148.00 | 149.40-50 |
| LEVEL2 | 147.00-20 | 150.90 |
| LEVEL3 | 145.90 | 153.15 |
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The post USD/JPY – 07.10.2024 appeared first on Orbex Forex Trading Blog.
