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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 is in a downward direction, and it is traded at the rate of around ¥130.93. Having its support level at around ¥130.60 tested, today we could expect an upward reaction toward its resistance level at around ¥131.50. If it fails to pass that level, then we could expect to retreat back toward the support level of around ¥130.50, otherwise, it should rise further toward the level of ¥132.

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