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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 FX pair has been in an uptrend in the past month, and it is currently traded at the rate of around ¥139.78. Today, if the uptrend continues, the forex pair should rise towards its resistance level at around ¥140.50 and if it is able to pass that level, then it could reach the next one at around ¥140.80, otherwise, it could fall towards its support level at around ¥139.30.

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