Hello everyone!
Our trading today is still a hot topic of discussion as the sellers and buyers are still locked in a tug-of-war around the 150.00 level.
However, it seems that the buyers have a slight advantage, even though the trading volume is expected to decrease today due to the closure of exchanges and banks in Japan for Cultural Day. The round support level at 150.000 is expected to be tested once again.
The current resistance level is acting as a barrier for USDJPY at 150.500. Breaking through this resistance level could bring USDJPY back to its previous high at 151.700, with strong support at the two previous levels of 150.000 and 150.500.
Our trading today is still a hot topic of discussion as the sellers and buyers are still locked in a tug-of-war around the 150.00 level.
However, it seems that the buyers have a slight advantage, even though the trading volume is expected to decrease today due to the closure of exchanges and banks in Japan for Cultural Day. The round support level at 150.000 is expected to be tested once again.
The current resistance level is acting as a barrier for USDJPY at 150.500. Breaking through this resistance level could bring USDJPY back to its previous high at 151.700, with strong support at the two previous levels of 150.000 and 150.500.
