USDJPY hit 158.95 and closed from the target at 159.85.
As we see over the chart, the short-term outlook is towards the resistance zone of 160.20 – 161.95 as a potential risk to push the market for a correction towards 157.50 or 154.30.
However, the Intraday chart shows that as long as prices remain above 157.50, the advance wave could continue to test 159.80-160.20 or 161.95.
Above 161.95, more advance will be expected.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 157.50 | 159.80-160.20 |
| LEVEL2 | 155.55 | 161.95 |
| LEVEL3 | 154.30 | 163.00 |
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