USD JPY Technical Analysis July 31, 2023
The USD rose 1.25% against the JPY on Friday and closed at 141.16. Today in the European session, while the USD JPY Technical Analysis July 31, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 142.22, which is 0.74% higher than JPY from yesterday’s close.
The pair is expected to find support at 141.30. And a fall-through could take it to the next support level of 140.70 The pair is expected to find its first resistance at 142.95, and a rise-through could take it to the next resistance level of 143.35. Today’s expected trading range is between 138.10 support and 143.75 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 141.30
Support 2: 140.70
Support 3: 138.10
Important resistance levels:
Resistance 1: 142.95
Resistance 2: 143.35
Resistance 3: 143.75
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