USD/JPY remains cautious near 159.00 as traders fear potential Bank of Japan intervention.
Traders still fear to push market farther up as may BOJ interven again to support Yen.
Market managed to pass above first resistance 158.60 while downtrend resistance zone still around 159.00-60
A drop formation looking toward test support zone 153.90-154.40
Above 159.60 more advanced is likely with cautious
SUPPORT | RESISTANCE | |
|---|---|---|
LEVEL1 | 156.07 | 159.00-60 |
LEVEL2 | 155.00 | 160.90 |
LEVEL3 | 153.90 | 161.90 |
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