USD JPY Technical Analysis January 5, 2023
The USD rose 1.21% against the JPY on Thursday and closed at 132.62. Today in the European session, while the USD JPY Technical Analysis January 5, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 132.63, which is 0.01% higher than JPY from yesterday’s close.
The pair is expected to find support at 131.70. And a fall-through could take it to the next support level of 131.40 The pair is expected to find its first resistance at 132.85, and a rise through could take it to the next resistance level of 133.55. Today’s expected trading range is between 130.80 support and 134.50 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 131.70
Support 2: 131.40
Support 3: 130.80
Important resistance levels:
Resistance 1: 132.85
Resistance 2: 133.55
Resistance 3: 134.50
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