The USDJPY pair managed to hold below the resistance of 151.80 yesterday to meet the target of 148.50.
As we see over the Daily chart, if prices remain above the support 148.50, a chance for rebound could happen with resistances at the 151.25-80 zone and 153.90.
Below 148.50, the market could add more of a drop toward the 146.00-50 zone.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 148.50 | 149.80 |
| LEVEL2 | 146.00-50 | 151.25-80 |
| LEVEL3 | 143.40 | 153.90 |
The post USD/JPY 02.08.2024 appeared first on Orbex Forex Trading Blog.
