USD/JPY Forecast: Key Support and Resistance Levels Identified
The USD/JPY pair is currently facing a trading zone defined by key support and resistance levels. The support level stands at 143.80 while the resistance is identified at 145.10. A breakthrough at 145.10 could push the market towards an upward target of 146.25. Conversely, if the rate falls below 143.80, the pair may retest its support zone around 142.10 to 142.50. Traders should watch these levels closely, as they indicate potential movements in this currency pair. The market dynamics around these levels can provide valuable insights for traders looking to capitalize on fluctuations in USD/JPY pricing.