The USD/JPY chart is exhibiting a neutral momentum, with a potential for price to fluctuate between the 1st resistance and the 1st support levels.
The 1st resistance level at 149.94 is characterized as a pullback resistance level while the 2nd resistance level at 150.18 is identified as a swing-high resistance. To the downside, the 1st support level at 149.40 is identified as an overlap support. Further below, the 2nd support level at 148.94 is also noted as an overlap support.
The material has been provided by InstaForex Company – www.instaforex.com
The USD/JPY chart is exhibiting a neutral momentum, with a potential for price to fluctuate between the 1st resistance and the 1st support levels.
The 1st resistance level at 149.94 is characterized as a pullback resistance level while the 2nd resistance level at 150.18 is identified as a swing-high resistance. To the downside, the 1st support level at 149.40 is identified as an overlap support. Further below, the 2nd support level at 148.94 is also noted as an overlap support.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: