USDJPY held below 144.40 and managed 2 days ago to hit the target zone of 142.50-70.
Prices also managed to rebound from that support zone.
As we see from the chart and if prices hold above 142.30, more advance toward 145.10 could hit the market.
Below 142.30 more of a drop toward 140.50 is likely.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 142.90 | 144.40 |
| LEVEL2 | 142.30 | 145.10 |
| LEVEL3 | 140.50 | 145.90 |
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The post USD/JPY –08.05.2025 appeared first on Orbex Forex Trading Blog.