USD JPY Technical Analysis July 29, 2022
The USD declined 1.70% against the JPY on Thursday and closed at 134.25. Today in the European session, while the USD JPY Technical Analysis July 29, 2022, is preparing at 5:00 GMT, the USD/JPY is trading at 133.40, which is 0.65% lower than JPY from yesterday’s close.
The pair is expected to find support at 132.55. And a fall through could take it to the next support level of 132.00 The pair is expected to find its first resistance at 134.35, and a rise through could take it to the next resistance level of 135.90. Today’s expected trading range is between 131.50 support and 137.40 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 132.55
Support 2: 132.00
Support 3: 131.50
Important resistance levels:
Resistance 1: 134.35
Resistance 2: 135.90
Resistance 3: 137.40
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