USD/JPY H1 Analysis: Key Levels and Market Trends

The USD/JPY pair has shown significant movements in the H1 timeframe, with key levels to watch for potential trading opportunities. Recently, the pair tested the 148.720 level, indicating a possible support zone. Resistance is observed near the 151.135 level, which could act as a barrier for upward movements.

Key levels to monitor:

Support: 145.720, 145.235

Resistance: 151.135, 150.650

The market has been volatile, with notable price swings between 15 Feb 2015 and 5 Mar 2015. Traders should keep an eye on these levels for potential breakouts or reversals. The recent price action suggests a consolidation phase, which could lead to a decisive move in either direction.

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