USDJPY on Wednesday rose 0.07% to 109.85.ChatPips
|Week 2021-04-07||-0.74%||-82.4 Pips|
USDJPY on Wednesday rose 0.07% to 109.85.
Updated daily direction for USDJPY is mixed as the current price action consolidate above 109.55.
Looking ahead today, with the uncertainty in the price action yesterday we prefer to look at the week high of 110.55 as important resistance level and low of 109.55 as immediate support level. USDJPY need to break on either side to indicate any strong bias. A break above 109.94 would suggest bullish bias after last few days positive movement.
Updated weekly direction for USDJPY is mixed as the current price action remain uncertain due to trader indecisiveness.