USD JPY Technical Analysis January 16, 2023
The USD declined 1.07% against the JPY on Friday and closed at 127.85. Today in the European session, while the USD JPY Technical Analysis January 16, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 128.25, which is 0.31% higher than JPY from yesterday’s close.
The pair is expected to find support at 127.30. And a fall-through could take it to the next support level of 126.40The pair is expected to find its first resistance at 128.80, and a rise-through could take it to the next resistance level of 129.50. Today’s expected trading range is between 126.00 support and 130.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 127.30
Support 2: 126.40
Support 3: 126.00
Important resistance levels:
Resistance 1: 128.80
Resistance 2: 129.50
Resistance 3: 130.00
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