The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The USD/JPY pair experienced a steep decline and broke the 161.51 support level, confirming a short-term top at 162.83. The intraday bias for USD/JPY has shifted to the downside, targeting the 38.2% retracement level at 159.84. The pair found technical support at a previous resistance area around the 161.00 level.