Forex Trading – USD/JPY
During the trading hours yesterday, the US dollar was in range 76.65-76.90 JPY. This morning the currency pair is trading at 76.70-76.80. According to the analyses of Trading212, if US dollar breaks the resistance levels at 76.75-76.95 JPY, the aim will be reaching and testing the zone 77.10-77.25 JPY. If it is successful, the upward trend will continue to 77.40-77.60 JPY. If USD drops below the support levels at 76.65-76.45 JPY, it will try to find a next support at 76.25-76.10 JPY. In case of breaking down, the downward trend will continue to 75.90-75.75 JPY.