USD JPY Technical Analysis July 16, 2021
The USD declined 0.10% against the JPY on Thursday and closed at 109.83. Today in the Asian session, while USD JPY technical Analysis July 16, 2021 is preparing at 4:15 GMT, the USD/JPY trading at 110.08, which is 0.23% higher against JPY from yesterday’s close.
The pair is expected to find support at 109.73. And a fall through could take it to the next support level of 109.66 The pair is expected to find its first resistance at 110.20, and a rise through could take it to the next resistance level of 110.42. Today’s expected trading range is between 109.55, support and 110.70 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 109.73
Support 2: 109.66
Support 3: 109.55
Important resistance levels:
Resistance 1: 110.20
Resistance 2: 110.42
Resistance 3: 110.70