USD JPY Technical Analysis February 6, 2023
The USD rose 1.93% against the JPY on Friday and closed at 131.18. Today in the European session, while the USD JPY Technical Analysis February 6, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 132.07, which is 0.67% higher than JPY from yesterday’s close.
The pair is expected to find support at 131.60. And a fall-through could take it to the next support level of 131.10 The pair is expected to find its first resistance at 132.35, and a rise-through could take it to the next resistance level of 132.75. Today’s expected trading range is between 130.55 support and 133.75 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 131.60
Support 2: 131.10
Support 3: 130.55
Important resistance levels:
Resistance 1: 132.35
Resistance 2: 132.75
Resistance 3: 133.75
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