USD JPY Technical Analysis Aug 7, 2023
The USD declined 0.55% against the JPY on Friday and closed at 141.76. Today in the European session, while the USD JPY Technical Analysis Aug 7, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 142.35, which is 0.42% higher than JPY from yesterday’s close.
The pair is expected to find support at 141.60. And a fall-through could take it to the next support level of 141.30 The pair is expected to find its first resistance at 142.50, and a rise-through could take it to the next resistance level of 142.80. Today’s expected trading range is between 140.70 support and 143.75 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 141.60
Support 2: 141.30
Support 3: 140.70
Important resistance levels:
Resistance 1: 142.50
Resistance 2: 142.80
Resistance 3: 143.75
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