USDJPY extended lower in early trading, testing the prior day’s low at 143.99 before finding buyers and rebounding. The pair is now back above a key support zone dating back to September 2024, between 144.45 and 144.56. Holding above this area keeps the door open for a recovery move higher.
On the upside, the first target comes in at the March 11 low near 146.53. A break - and staying above - shifts focus to the next resistance zone between 147.20 and 147.34. Beyond that, the high from earlier this week — near 148.20 — stands as the next key level to watch.
As long as USDJPY holds above 144.45, buyers may look to build on the bounce and challenge these upside targets. A move back below would shift the focus once again toward the yearly low at 143.99. Give below that level and there's not a lot of support until 141.69 to 141.94.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdjpy bounces off the low from yesterday was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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