USDJPY Technical Analysis; 04/07/2023deltawriter 4 July 2023
The USD/JPY currency pair is currently indicating a positive trend. As seen in the chart, the current price trend may continue its path toward the specified resistance level.
The first resistance is located at 144.96 and poses a significant challenge due to its previous display of strong opposition on the chart. The second resistance is at 146.81 and despite its high resistance nature, it presents significant obstacles.
On the other hand, the first support level is at 143.83 and provides a strong trend due to its overlapping support with the 23.60% Fibonacci retracement level. The second support level is at 142.25 and offers a strong trend due to its overlapping support and the 50% Fibonacci retracement level.
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