USDJPY managed to add more advance above 146.70 while the market faces firm resistance around the 148.50-60 zone.
As we see on the chart and if prices remain below 148.50-60, the downtrend pressure could sustain for another drop toward 140.25-50.
A daily close above 148.60 may activate an advance toward 151.25-80.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 146.25 | 147.90 |
| LEVEL2 | 145.40 | 148.60-90 |
| LEVEL3 | 144.00 | 151.25-80 |
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The post USD/JPY – 12.08.2024 appeared first on Orbex Forex Trading Blog.
