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USD JPY Technical Analysis July 18, 2022

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USD JPY Technical Analysis July 18, 2022

The USD rose 0.30% against the JPY on Friday and closed at 138.53. Today in the European session, while USD JPY Technical Analysis July 18, 2022, is preparing at 5:00 GMT, the USD/JPY is trading at 138.36, which is 0.13% lower than JPY from yesterday’s close.

The pair is expected to find support at 137.90. And a fall through could take it to the next support level of 137.65 The pair is expected to find its first resistance at 138.57, and a rise through could take it to the next resistance level of 138.97. Today’s expected trading range is between 136.50 support and 139.37 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 137.90
Support 2: 137.65
Support 3: 136.50

Important resistance levels:

Resistance 1: 138.57
Resistance 2: 138.97
Resistance 3: 139.37

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