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USD JPY Technical Analysis May 6, 2022

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USD JPY Technical Analysis May 6, 2022

The USD rose 0.87% against the JPY on Thursday and closed at 130.18. Today in the Asian session, while USD JPY Technical Analysis May 6, 2022, is preparing at 3:15 GMT, the USD/JPY is trading at 130.53, which is 0.27% higher than JPY from yesterday’s close.

The pair is expected to find support at 130.00. And a fall through could take it to the next support level of 129.70 The pair is expected to find its first resistance at 130.90, and a rise through could take it to the next resistance level of 131.20. Today’s expected trading range is between 129.50 support and 132.00 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 130.00
Support 2: 129.70
Support 3: 129.50

Important resistance levels:

Resistance 1: 130.90
Resistance 2: 131.20
Resistance 3: 132.00

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