USD/JPY Faces 50MA Resistance, Undergoes Slight Correction
The USD/JPY encountered resistance from the 50MA and is currently undergoing a slight correction. There is no confirmation yet of a clear direction for the pair, but the next support level is at 144.00. As the fundamentals decline, the yen may weaken further, while the direction of the pair will also depend on the dollar.
|
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
|
155.00 |
152.00 |
148.30 |
145.00 |
144.80 |
140.00 |