USD JPY Technical Analysis May 26, 2023
The USD rose 0.48% against the JPY on Thursday and closed at 140.04. Today in the European session, while the USD JPY Technical Analysis May 26, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 139.70, which is 0.23% lower than JPY from yesterday’s close.
The pair is expected to find support at 139.20. 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 140.20, and a rise-through could take it to the next resistance level of 140.60. Today’s expected trading range is between 138.25 support and 141.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 139.20
Support 2: 138.85
Support 3: 138.25
Important resistance levels:
Resistance 1: 140.20
Resistance 2: 140.60
Resistance 3: 141.00