- USD/JPY sideways theme remains intact in the first half of the week.
- The rising wedge pattern can limit bullish advances.
USD/JPY daily chart
USD/JPY is extending the ranging theme for the 10th consecutive day as the spot is trading off February highs and below the 110.00 figure. The quote is trading above the main daily simple moving averages (SMAs) on the daily time frame.
USD/JPY four-hour chart
Resistance: 109.94, 110.15, 110.32
Support: 109.58, 109.30, 108.95
Additional key levels