USDJPY managed last Wednesday to test the support of 145.70 and moved lower in a volatile move over the Fed rate cut.
The market managed to rebound quickly above 145.70 to drive the market for more rebound.
As we see over the chart, prices still face resistance at 149.15, and if prices remain below this zone, the downtrend pressure could ensue for another visit towards 145.70.
Above 149.15 the risk could rise for a further advance.
Below 145.45 more of a drop will be expected with supports at 144.00-10 and 142.25-50.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 145.45-70 | 149.15 |
| LEVEL2 | 144.00-10 | 150.45 |
| LEVEL3 | 142.25-50 | 151.60 |
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