Daily Technical Analysis Of USDJPY - Wednesday, March 8
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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 rose to the high level of ¥137.50 and above, after last night’s speech of Fed’s Powel, which gave hints of higher rate hikes. As USD has turned into an upside trend, we could expect the rate to be elevated and to be traded above the support level of ¥136.50.
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