USD JPY Technical Analysis May 25, 2023
The USD rose 0.63% against the JPY on Wednesday and closed at 139.45. Today in the European session, while the USD JPY Technical Analysis May 25, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 139.60, which is 0.11% higher than JPY from yesterday’s close.
The pair is expected to find support at 139.00. And a fall-through could take it to the next support level of 138.85 The pair is expected to find its first resistance at 139.65, and a rise-through could take it to the next resistance level of 139.90. Today’s expected trading range is between 138.25 support and 140.50 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 139.00
Support 2: 138.85
Support 3: 138.25
Important resistance levels:
Resistance 1: 139.65
Resistance 2: 139.90
Resistance 3: 140.50