USDJPY: Key Levels to Watch This Week 🇺🇸🇯🇵
Hey traders,
Here is my latest structure analysis for USDJPY:
Support 1: 141.5 - 142.6 area
Support 2: 138.85 - 139.35 area
Support 3: rising trend line
Resistance 1: 144.55 - 145.0 area
Resistance 2: 146.5 - 147.6 area
The price is currently stuck between Support 1 & Resistance 1 composing a horizontal range.
For now, you can consider range trading, buying support / selling resistance.
To catch the next move, wait for a breakout of one of its boundaries,
it will initiate a move to Support 2 / Resistance 2.
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