As projected last week and as seen on our previous chart, the USDJPY pair managed to break above the 160.00-20 resistance zone, which could keep the uptrend toward the second target of 162.00.
On the chart, the market is facing the first intraday support of around 159.75-95. If prices remain above it, the advance wave could sustain toward 162.00.
Below 159.75, more of a drop could hit the market with support around 158.65 and 157.50-70.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 159.75-95 | 161.25 |
| LEVEL2 | 158.65 | 162.00 |
| LEVEL3 | 157.50-70 | 163.80 |
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The post USD/JPY – 01.07.2024 appeared first on Orbex Forex Trading Blog.
