USD/JPY Breaks Resistance But Faces Ongoing Challenges

The USD/JPY pair managed to break above the resistance level at 145.45. However, it still faces downtrend resistance around the 146.25-30 area. As long as the market trades below this range, a potential drop towards 142.10 remains possible.

A further breakthrough above 146.30 could pave the way for an advance toward 148.60. Traders are encouraged to monitor these resistance levels closely as they may dictate future price movements.

Overall, the pair’s performance showcases the dynamic nature of forex trading and the importance of adhering to technical analysis. Staying updated on market events will guide informed trading decisions.