Forex Trading – USD/JPY

During the trading hours yesterday, the US dollar was in range 84.80-84.25 JPY. This morning the currency pair is trading at 84.30-84.50.

According to Forex analyses, if US dollar breaks the resistance levels at 84.45-84.65 JPY, the aim will be reaching and testing the zone 84.85-85.00 JPY. If it is successful, the upward trend will continue to 85.20-85.40 JPY.

If USD drops below the support levels at 84.30-84.15 JPY, it will try to find a next support at 83.85-83.60 JPY. In case of breaking down, the downward trend will continue to 83.35-83.10 JPY.