
USDJPY dropped to test the support at 147.50.
As we see over the chart and as long as the market holds above 147.00-50, a rebound correction toward 149.15 or 150.45 could hit the market.
Below 147.00 more of a drop will be expected where the old support of 145.70 could protect the market for another advance.
SUPPORT | RESISTANCE | |
LEVEL1 | 147.00-50 | 149.15 |
LEVEL2 | 145.70 | 150.45 |
LEVEL3 | 144.50 | 151.30 |
The post USD/JPY –04.08.2025 appeared first on Orbex Forex Trading Blog.