Daily Technical Analysis Of USDJPY - Thursday, April 27

By AAATrade of aaatrade.com

Apr 27, 2023 at 9:40 AM EDT

Looking at USDJPY’s chart, we can see that the Forex pair had bottomed below the rate of ¥133 and currently it has been corrected at the rate of around ¥133.75.

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Spotlight on USDJPY. The latest daily technical analysis by AAATrade reveals the key support and resistance levels that each of these assets is likely to reach today. Look at the charts and our market analysts’ observations below and gain a fresh perspective on trading.

USDJPY

Looking at USDJPY’s chart, we can see that the Forex pair had bottomed below the rate of ¥133, and currently, it has been corrected at the rate of around ¥133.75. USD seems to get stronger, and today we could expect a further increase of the FX’s rate towards its resistance level which is located at around ¥134.30. We do not expect it to pass that resistance level unless today’s announcement on the US GDP and Jobless Claims at 15:30 (GMT+3) support a further increase of the USD.

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AAATrade's Daily Technical Analysis of USDJPY - 27/04/2023

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