USDJPY / Technical Analysis

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USDJPY / Technical AnalysisUSD/JPYOANDA:USDJPYEvarMayi Holding above the 159.420 level signals bullish momentum toward the resistance level at 160.405. A breakout above this resistance line will drive the price further toward 160.930. However, if the price breaks below 159.420 and closes a 1-hour candle beneath this pivot level, the trend will shift downward toward the support targets at 159.150 and subsequently 158.704. Resistance Levels: 160.405 – 160.933 Support Levels: 159.150 – 158.704 Current Price: 159.880