USD JPY Technical Analysis May 9, 2022
The USD rose 0.30% against the JPY on Friday and closed at 130.55. Today in the Asian session, while USD JPY Technical Analysis May 9, 2022, is preparing at 5:15 GMT, the USD/JPY is trading at 131.05, which is 0.38% higher than JPY from yesterday’s close.
The pair is expected to find support at 130.50. And a fall through could take it to the next support level of 130.20 The pair is expected to find its first resistance at 131.20, and a rise through could take it to the next resistance level of 131.60. Today’s expected trading range is between 130.50 support and 131.60 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 130.50
Support 2: 130.20
Support 3: 130.00
Important resistance levels:
Resistance 1: 131.20
Resistance 2: 131.60
Resistance 3: 132.00