Daily Technical Analysis Of USDJPY - Thursday, Aug. 3

By AAATrade of AAATrade.com

Thursday, August 3, 2023 9:40 AM EST

Yen, Money, Wealth, Japanese Yen

Image Source: Pixabay

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 USD is gaining ground over JPY in the past weeks, trading at the current rate of around ¥143.61. Today, we should expect it to test the resistance level of ¥144 and if it is able to pass it, then it could approach the next one at around ¥144.40. If it fails to pass it, then it should retreat back towards its support level which is located at around ¥142.20.

(Click on image to enlarge)

AAATrade's Daily Technical Analysis of USDJPY - 03/08/2023

More By This Author:

Daily Technical Analysis Of GBPUSD – Tuesday, Aug. 1
Daily Technical Analysis Of EURUSD - Monday, July 31
Technical Analysis Of Starbucks Corporation - Monday, July 31

Disclaimer: We also offer CFD products. 75% of retail CFD accounts lose money. CFDs trading is risky and your entire capital might be at risk. Information presented herein, is not to be ...

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.