Image Source: Unsplash
 

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 Forex pair has been trading in an upward direction, and currently, it is traded close to its support level at around ¥133.78. Today, if it holds the rate above the support level of ¥133.60, then we could see it rising, otherwise, it should drop towards the next support level at around ¥133. For the first half of the day, we expect it to be traded in a short range until the announcement of the US’s CPI at 15:30 (GMT+3) where the direction of the FX pair will be clearer.

(Click on image to enlarge)

More By This Author:

Daily Technical Analysis Of GBPUSD – Tuesday, April 11
Technical Analysis Of Levi Strauss & Co.
Daily Technical Analysis Of EURUSD - Monday, April 10