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USDJPY 6-11-2023 .

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USDJPY 6-11-2023 .

Prices are currently trading in a sideways pattern between the support region around 148.75 and crucial resistance levels. where The upper limit of the channel coincides with the important resistance zone in the range of 150/152. At this area, prices are facing selling pressure, hindering the upward momentum. It is expected that the selling pressure will persist at the aforementioned resistance zone until it is breached upwards.

Support

148.75 148.20 147.90
Resistance 152

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