USD JPY Technical Analysis August 16, 2022
The USD rose 0.10% against the JPY on Monday and closed at 133.30. Today in the European session, while the USD JPY Technical Analysis August 16, 2022, is preparing at 5:00 GMT, the USD/JPY is trading at 133.40, which is 0.07% higher than JPY from yesterday’s close.
The pair is expected to find support at 132.57. And a fall through could take it to the next support level of 131.75 The pair is expected to find its first resistance at 133.50, and a rise through could take it to the next resistance level of 133.87. Today’s expected trading range is between 130.40 support and 134.40 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 132.57
Support 2: 131.75
Support 3: 130.40
Important resistance levels:
Resistance 1: 133.50
Resistance 2: 133.87
Resistance 3: 134.40