USD JPY Technical Analysis May 5, 2022
The USD declined 0.80% against the JPY on Wednesday and closed at 129.10. Today in the Asian session, while USD JPY Technical Analysis May 5, 2022, is preparing at 3:15 GMT, the USD/JPY is trading at 129.17, which is 0.17% higher than JPY from yesterday’s close.
The pair is expected to find support at 128.63. And a fall through could take it to the next support level of 128.33 The pair is expected to find its first resistance at 129.90, and a rise through could take it to the next resistance level of 130.30. Today’s expected trading range is between 126.95 support and 130.30 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 128.63
Support 2: 128.33
Support 3: 126.95
Important resistance levels:
Resistance 1: 129.90
Resistance 2: 130.30
Resistance 3: 131.20
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