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USDJPY Price Action Analysis: Key Levels To Watch!

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USD/JPY 4H Chart Analysis

Key Levels to Watch:

1. Support Area (Around 147.000 - 147.500) – This is a strong demand zone where buyers have previously stepped in, pushing prices higher. If the price drops to this level again, we might see another bounce.
2. Resistance Area (Near 149.800 - 150.000) – This is a key hurdle where selling pressure has been seen before. If the price reaches this zone, it might struggle to move higher unless strong buying momentum appears.
3. Supply Zone (150.500 - 151.500) – A stronger resistance area where sellers have taken control in the past, causing price drops.

Possible Scenarios:
- If USD/JPY breaks above 150.000, it could continue rising toward the supply zone.
- If the price fails to break resistance, we might see a pullback toward the 147.540 target area or even the support zone near 147.000.

Conclusion:

Traders should watch how price reacts at these key levels. A breakout above 150.000 may signal further upside, while rejection could push the price lower toward support.

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