The USDJPY just notched fresh intraday—and multi-week—highs, pushing firmly into the yellow swing zone that capped rallies in early May (145.92-146.25). Price is now only a handful of pips from the 61.8 % retracement of the May slide at 146.148, a level that often acts as a “last line” for corrective moves.
Importantly, every pullback over the past few hours found buyers right at yesterday’s highs near 145.76. That “old-high-becomes-new-support” pattern underscores a market leaning bullish and using shallow dips to reload. Unless the pair slips back below that shelf—and the 50 % midpoint of the May range at 145.375—the path of least resistance remains higher, with traders eyeing a full breach of 146.24 that could open the door toward higher levels in the pair.
Single-line key levels • resistance: 146.148 • 61.8 % retrace • resistance: 146.25 • swing-zone top • support: 145.76• prior highs/short-term floor • support: 145.375 • 50 % May range • support: 145.15 • 100-hour MA
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdjpy bulls advance toward 61 8 retracement barrier 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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