USDJPY managed to close at 155.35 yesterday which managed to keep the downtrend pressure as previously projected.
Market managed to break below the support of 151.80 today after the BoJ surprisingly hiked rates.
As we see on the chart, and as long as the market holds below 151.80, more of a drop to test support trend 148.50-60 will be expected.
Above 151.80 more advance could hit the market with resistances at 153.90 and 155.35.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 150.00 | 151.80 |
| LEVEL2 | 148.50-60 | 153.90 |
| LEVEL3 | 147.00 | 155.35 |
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The post USD/JPY – 31.07.2024 appeared first on Orbex Forex Trading Blog.
