Technical Analysis: USD/JPY - Thursday, Oct. 30
USDJPY managed for the second time to test the resistance of 153.25 to push for a correction where the market printed a low around 151.52, before market rebounded again toward 153.25.
As we see from the Intraday chart, the market is still facing the chance for a trading zone between support 151.05-40 and resistance 154.00-20.
Above 154.20 a further advance toward 156.50-70 is likely.
Below 151.05 more of a drop towards the 149.35 support could hit the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 151.05-40 | 153.25 |
| LEVEL2 | 149.35 | 154.20 |
| LEVEL3 | 147.50 | 156.50-70 |
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