USD/JPY analysis, June 6, 2022
On the 4hour candle chart
The USD/JPY currency pair reached the resistance area at 130.95/131.33 for the third time.
If the resistance area holds, it is likely that the rate could fall towards support level at 129.50.
On the other hand, a potential breakout of the resistance area could lead the price to rise further to 132.04 and 132.77.
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