USDJPY dropped sharply.
Here are the key levels for you to watch.
Support 1: 130.4 - 131.8 area
Support 2: 126.3 - 126.9 area
Resistance 1: 133.6 - 134.55 area
Resistance 2: 137.8 - 138.7 area
The price violated a key structure, it turned into Resistance 1.
The pair will most likely keep falling, at least to Support 1.
Consider the underlined structure for pullback/breakout trading.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.