FX.co ★ Technical analysis of USD/JPY

USD/JPY:

The chart shows the movement of USD/JPY in the daily (D1) chart.

It seems that dollar has reached its highest, 139.38, and is ready for a reversal.

The yellow rectangle mark on the chart indicates the possible area for it.

The breakdown of the support level, which is 137.5, will signal a new trend.

Meanwhile, the breakdown of the resistance level, which is 139.8 -140.0, will signal that a rebound will not happen and dollar will continue to rise.