Could USD/JPY fall towards the 132 level?

AAATrade Team AAATrade

USD/JPY

Looking at USDJPY Chart, we can see that it is in an upward trend, currently traded at around 135.5. If the rate is holding above its support level of around 135 then we could see it rising towards its resistance level at around 136.65 otherwise it should fall towards its next support level which can be located at around 132.

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AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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