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USD JPY Technical Analysis August 4, 2022

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USD JPY Technical Analysis August 4, 2022

The USD rose 0.51% against the JPY on Wednesday and closed at 133.85. Today in the European session, while the USD JPY Technical Analysis August 4, 2022, is preparing at 5:00 GMT, the USD/JPY is trading at 134.15, which is 0.23% higher than JPY from yesterday’s close.

The pair is expected to find support at 133.50. And a fall through could take it to the next support level of 132.30 The pair is expected to find its first resistance at 134.55, and a rise through could take it to the next resistance level of 135.30. Today’s expected trading range is between 130.40 support and 135.70 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 133.50
Support 2: 132.30
Support 3: 130.40

Important resistance levels:

Resistance 1: 134.55
Resistance 2: 135.30
Resistance 3: 135.70

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