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USD JPY Technical Analysis January 18, 2023

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USD JPY Technical Analysis January 18, 2023

The USD declined 0.25% against the JPY on Tuesday and closed at 128.14. Today in the European session, while the USD JPY Technical Analysis January 18, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 129.29, which is 0.87% higher than JPY from yesterday’s close.

The pair is expected to find support at 129.10. And a fall-through could take it to the next support level of 128.00The pair is expected to find its first resistance at 131.55, and a rise-through could take it to the next resistance level of 131.85. Today’s expected trading range is between 127.25 support and 132.00 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 129.10
Support 2: 128.00
Support 3: 127.25

Important resistance levels:

Resistance 1: 131.55
Resistance 2: 131.85
Resistance 3: 132.00

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