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USDJPY 31-10-2023 .

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USDJPY 31-10-2023 .

The current prices are trading near the lower boundary of the ascending channel. If the area of the first support zone  confirms a downward break within the range of 148.75 it could lead to an acceleration in a downward move. It’s worth noting that the upper channel boundary aligns with a significant resistance zone at around 150.50. As a result, prices may face selling pressure in this area, which could slower the upward momentum. The expectation is that selling pressure will persist until prices successfully break above this resistance zone.

Support

148.75 148.20 147.90
Resistance 150 152

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