USDJPY managed to hit below the 143.00 level which could be a sign for a further drop.
As we see over the Intraday chart, the market is facing the first resistance around 143.60. If prices remain below that level, the drop pressure could sustain to break below 142.80 for a further drop towards 141.50-90.
Above 143.60 more advance could hit the market with resistance around 144.20-40 which in turn could activate a drop wave toward 141.50-90.
Above 144.40 more advance toward 147.50 will be expected.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 142.80 | 143.60 |
| LEVEL2 | 141.50-90 | 144.20-40 |
| LEVEL3 | 139.90 | 147.50 |
The post USD/JPY –23.05.2025 appeared first on Orbex Forex Trading Blog.