FX.co - USD/JPY analysis for April 14 2021 - Downside breakout of the balance and potential for the test of 108.45

2021-04-14T11:03:48

Relevance until2021-04-16

Eurozone February industrial production -1.0% vs -1.3% m/m expected

Latest data released by Eurostat - 14 April 2021Prior +0.8%Industrial production WDA -1.6% vs -1.4% y/y expectedPrior +0.1%Further Development

USD/JPY analysis for April 14 2021 - Downside breakout of the balance and potential for the test of 108.45

Analyzing the current trading chart of USD/JPY, I found that sellers are in control and that you should watch for selling opportunities...

Downside target is set at the price of 108.45

Additionally, there is the breakout of the balancing regime, which is another sign of the weakness...

Key Levels:

Resistance: 109.05Support level: 108.45

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ USD/JPY analysis for April 14 2021 - Downside breakout of the balance and potential for the test of 108.45