USD/JPY

Understanding where these levels are can help traders make better decisions about entry and exit points. If the price is approaching a strong resistance level, it might be a good opportunity to take profits or short sell, expecting the trend to reverse. Conversely, if the price approaches a support level, it might be a good buying opportunity, anticipating a bounce.

Incorporating support and resistance effectively into your trading strategy requires careful analysis of the market conditions, considering other factors like market sentiment, upcoming economic events, and overall trends.