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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, trading at around 70 pips from its resistance level which is located at around ¥140.60. Today, if it fails to pass that level, then we should expect a retreat towards its support level at around ¥138.40, otherwise, it could test its 52W high rate at around ¥140.90.

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