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USD JPY Technical Analysis December 7, 2022

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USD JPY Technical Analysis December 7, 2022

The USD rose 0.25% against the JPY on Tuesday and closed at 137.05. Today in the European session, while the USD JPY Technical Analysis December 7, 2022, is prepared at 5:00 GMT, the USD/JPY is trading at 137.52, which is 0.35% higher than JPY from yesterday’s close.

The pair is expected to find support at 136.80. And a fall through could take it to the next support level of 136.00 The pair is expected to find its first resistance at 137.80, and a rise through could take it to the next resistance level of 138.40. Today’s expected trading range is between 134.15 support and 139.85 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 136.80
Support 2: 136.00
Support 3: 134.15

Important resistance levels:

Resistance 1: 137.80
Resistance 2: 138.40
Resistance 3: 139.85

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