USD JPY Technical Analysis December 8, 2022
The USD declined 0.25% against the JPY on Wednesday and closed at 136.60. Today in the European session, while the USD JPY Technical Analysis December 8, 2022, is prepared at 5:00 GMT, the USD/JPY is trading at 136.95, which is 0.25% higher than JPY from yesterday’s close.
The pair is expected to find support at 136.25. And a fall through could take it to the next support level of 136.00 The pair is expected to find its first resistance at 137.20, and a rise through could take it to the next resistance level of 137.70. Today’s expected trading range is between 135.00 support and 138.50 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 136.25
Support 2: 136.00
Support 3: 135.00
Important resistance levels:
Resistance 1: 137.20
Resistance 2: 137.70
Resistance 3: 138.50
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