Daily Technical Analysis Of USDJPY - Thursday, Feb. 23
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.
USDJPY
Looking at USDJPY’s chart, we can see that the FX pair is traded at around ¥134.79. After last night’s FOMC minutes, today we do not expect the USD to get stronger, therefore it might reach the resistance level at around ¥135 where it could be a good sell entry as a technical downward reaction should be expected. If it fails to pass the resistance level, then it should drop towards the support level at around ¥134.20-134.30.
AAATrade Market Research Department
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