Could USD/JPY rise towards the 139 level?

AAATrade Team AAATrade

USD/JPY

Looking at USDJPY’s chart, we can see that the FX pair is traded close to its support level at around ¥138.40. Today, it failed to hold above that level, then we should expect it to drop towards its next support level at around ¥137.70 otherwise it could rise towards its resistance level at around ¥139.

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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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