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USD JPY Technical Analysis January 26, 2023

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USD JPY Technical Analysis January 26, 2023

The USD declined 0.45% against the JPY on Wednesday and closed at 129.58. Today in the European session, while the USD JPY Technical Analysis January 26, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 130.10, which is 0.39% higher than JPY from yesterday’s close.

The pair is expected to find support at 129.05. And a fall-through could take it to the next support level of 128.35 The pair is expected to find its first resistance at 130.35, and a rise-through could take it to the next resistance level of 130.55. Today’s expected trading range is between 127.80 support and 131.10 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 129.05
Support 2: 128.35
Support 3: 127.80

Important resistance levels:

Resistance 1: 130.35
Resistance 2: 130.55
Resistance 3: 131.10

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