USD/JPY Pair Unclear as Fundamentals Deteriorate
The USD/JPY encountered resistance from the 50MA and is building a reversal in the short term. There is no confirmation yet of a clear direction for the pair, but the next support level is at 144.80. As the fundamentals deteriorate, 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 |
144.80 |
144.00 |
142.00 |