Have you ever wondered what goes on in the world of financial markets?

Well, let’s take a look at the recent movement in the USDJPY pair.

USDJPY managed finally to break below support at 154.70, which may keep the drop pressure ongoing toward the first target at 153.15. As we see over the chart and as long as the market keeps holding trades below resistance at 154.80-155.00, the downtrend pressure may sustain where support at 153.15 may push for some rebound correction movement. Below 153.15, more drop…

So what does all this mean for you?

Well, if you’re someone who is involved in trading the USDJPY pair, this movement could potentially impact your trades. It’s important to keep an eye on the support and resistance levels mentioned above to make informed decisions.

And how does this affect the world?

On a larger scale, movements in the USDJPY pair could have implications for the global economy. Changes in currency values can impact things like trade balances and monetary policies of countries involved, which in turn can have ripple effects across various industries.

Conclusion:

In conclusion, the recent movement in the USDJPY pair is something worth paying attention to for both individual traders and those interested in the broader implications for the global economy. By keeping track of support and resistance levels, one can better navigate the ever-changing landscape of financial markets.