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FX.co ★ USDJPY Day I Reacting off resistance level?

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Forex Analysis:::2023-10-30T03:20:11

USDJPY Day I Reacting off resistance level?

USDJPY Day I Reacting off resistance level?

USD/JPY displays bearish momentum, potentially heading towards the 1st support at 144.94, which aligns with overlap support. On the resistance front, the 1st resistance at 150.30, marked as a multi-swing high resistance, may hinder further upward movement. A 2nd resistance at 152.72, coinciding with the 100% Fibonacci Projection, adds to its potential as a significant resistance zone.

Analyst InstaForex
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