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USD JPY Technical Analysis January 17, 2023

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USD JPY Technical Analysis January 17, 2023

The USD rose 0.64% against the JPY on Monday and closed at 128.55. Today in the European session, while the USD JPY Technical Analysis January 17, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 128.88, which is 0.26% higher than JPY from yesterday’s close.

The pair is expected to find support at 128.22. And a fall-through could take it to the next support level of 127.30The pair is expected to find its first resistance at 129.15, and a rise-through could take it to the next resistance level of 129.50. Today’s expected trading range is between 126.30 support and 131.35 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 128.22
Support 2: 127.30
Support 3: 126.30

Important resistance levels:

Resistance 1: 129.15
Resistance 2: 129.50
Resistance 3: 131.35

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