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USD JPY Technical Analysis August 17, 2022

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USD JPY Technical Analysis August 17, 2022

The USD rose 0.69% against the JPY on Tuesday and closed at 134.22. Today in the European session, while the USD JPY Technical Analysis August 17, 2022, is preparing at 5:00 GMT, the USD/JPY is trading at 135.12, which is 0.67% higher than JPY from yesterday’s close.

The pair is expected to find support at 134.65. And a fall through could take it to the next support level of 135.30 The pair is expected to find its first resistance at 135.10, and a rise through could take it to the next resistance level of 133.87. Today’s expected trading range is between 132.95 support and 135.55 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 134.65
Support 2: 133.90
Support 3: 132.95

Important resistance levels:

Resistance 1: 135.10
Resistance 2: 135.30
Resistance 3: 135.55

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