FX.co ★ Technical analysis of USD/JPY

USD/JPY:

The chart shows the movement of USD/JPY in the 30-minute (M30) chart.

The sideways trend, in which the pair has been for almost a week, may end today.

If the quotes test the support level of £144.09 and breaks through it, the new target will be £143.00 per US dollar. But if it tests and breaks down the resistance level of £144.92, the pair will move up, breaking the downward trend.

Good luck!