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USD JPY Technical Analysis February 28, 2023

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USD JPY Technical Analysis February 28, 2023

The USD declined 0.13% against the JPY on Tuesday and closed at 136.22. Today in the European session, while the USD JPY Technical Analysis February 28, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 136.80, which is 0.42% higher than JPY from yesterday’s close.

The pair is expected to find support at 136.55. And a fall-through could take it to the next support level of 135.92 The pair is expected to find its first resistance at 136.85, and a rise-through could take it to the next resistance level of 137.20. Today’s expected trading range is between 135.35 support and 138.00 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 136.55
Support 2: 135.92
Support 3: 135.35

Important resistance levels:

Resistance 1: 136.85
Resistance 2: 137.20
Resistance 3: 138.00

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