USD JPY Technical Analysis May 18, 2023
The USD rose 0.88% against the JPY on Wednesday and closed at 137.61. Today in the European session, while the USD JPY Technical Analysis May 18, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 137.83, which is 0.17% higher than JPY from yesterday’s close.
The pair is expected to find support at 137.30. And a fall-through could take it to the next support level of 136.65 The pair is expected to find its first resistance at 137.90, and a rise-through could take it to the next resistance level of 138.00. Today’s expected trading range is between 135.70 support and 139.50 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 137.30
Support 2: 136.65
Support 3: 135.70
Important resistance levels:
Resistance 1: 137.90
Resistance 2: 138.00
Resistance 3: 139.50
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