
USDJPY managed to hit a low around 142.36 yesterday, closing to the support zone of 142.10 before rebounding.
As we see over the Intraday chart, prices face a possible trading zone between support 143.30-45 and resistance 144.45, while the market indicates a further advance toward 145.95.
Below 143.30 the market could drop with support still at 142.10.
Below 142.10 a risk for a further drop is possible with support at 139.90.
SUPPORT | RESISTANCE | |
LEVEL1 | 143.30-45 | 144.45 |
LEVEL2 | 142.10 | 145.95 |
LEVEL3 | 139.90 | 147.50 |
The post USD/JPY –04.06.2025 appeared first on Orbex Forex Trading Blog.