USD JPY Technical Analysis November 16, 2022
The USD declined 0.44% against the JPY on Tuesday and closed at 139.27. Today in the European session, while the USD JPY Technical Analysis November 16, 2022, is prepared at 5:00 GMT, the USD/JPY is trading at 139.35, which is 0.05% higher than JPY from yesterday’s close.
The pair is expected to find support at 138.75. And a fall through could take it to the next support level of 138.40 The pair is expected to find its first resistance at 140.50, and a rise through could take it to the next resistance level of 140.80. Today’s expected trading range is between 137.75 support and 141.80 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 138.75
Support 2: 138.50
Support 3: 137.75
Important resistance levels:
Resistance 1: 140.50
Resistance 2: 140.70
Resistance 3: 142.40
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