USDJPY broke below the support of 141.70 and fell toward 140.70 and failed to hit the target of 140.20.
As we see on the chart, prices still hold inside the downtrend channel with the support zone at 140.20-70 and the first resistance at 143.40.
A trading zone could hold the market inside those levels. While above 143.40, a chance for an advance to test 145.50 could hit the market.
Below 140.20 more of a drop will be expected with support at 138.00 and 137.20.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 140.20-70 | 143.40 |
| LEVEL2 | 138.00 | 144.40 |
| LEVEL3 | 137.20 | 145.50-80 |
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The post USD/JPY – 11.09.2024 appeared first on Orbex Forex Trading Blog.
