Daily Technical Analysis Of USDJPY - Tuesday, April 4

By AAATrade of aaatrade.com
Tuesday, April 4, 2023 9:50 AM EDT

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 the FX pair is traded at around ¥132.90. Its support and resistance level are located at the rates of ¥132.30 and ¥133.50. 

As the support level was tested and it is now in an upward reaction, today we could expect it to test the resistance level and if it can break through it, then it should approach its next resistance level at around ¥135, otherwise, it would retreat towards its support level of ¥132.30.

(Click on image to enlarge)

AAATrade's Daily Technical Analysis of USDJPY - 04/04/2023

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