USD/JPY Market Retreats to Support Levels – Strategic Trading Insights
The USD/JPY currency pair recently dipped to a low near 142.36 before hovering close to the 142.10 support region. The intraday charts indicate potential volatility, as traders eye the trading range between support at 143.30-45 and resistance at 144.45. Observing these levels will be critical in guiding trading strategies. The market sentiment appears to be cautiously optimistic, with a further push toward 145.95 seeming plausible if conditions favor a bullish sentiment. Traders should monitor currency fluctuations closely to capitalize on market opportunities effectively.