USD JPY Technical Analysis May 20, 2022
The USD declined 0.50% against the JPY on Thursday and closed at 128.25. Today in the Asian session, while USD JPY Technical Analysis May 20, 2022, is preparing at 5:15 GMT, the USD/JPY is trading at 128.30, which is 0.05% higher than JPY from yesterday’s close.
The pair is expected to find support at 127.80. And a fall through could take it to the next support level of 127.70 The pair is expected to find its first resistance at 128.55, and a rise through could take it to the next resistance level of 128.90. Today’s expected trading range is between 126.30 support and 129.75 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 127.80
Support 2: 127.70
Support 3: 127.15
Important resistance levels:
Resistance 1: 128.55
Resistance 2: 128.90
Resistance 3: 129.75
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