USD JPY Technical Analysis Aug 8, 2023
The USD rose 0.58% against the JPY on Monday and closed at 142.47. Today in the European session, while the USD JPY Technical Analysis Aug 8, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 143.11, which is 0.44% higher than JPY from yesterday’s close.
The pair is expected to find support at 142.85. And a fall-through could take it to the next support level of 142.40 The pair is expected to find its first resistance at 143.40, and a rise-through could take it to the next resistance level of 143.85. Today’s expected trading range is between 141.80 support and 144.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 142.85
Support 2: 142.40
Support 3: 141.80
Important resistance levels:
Resistance 1: 143.40
Resistance 2: 143.85
Resistance 3: 144.00
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