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USD JPY Technical Analysis March 21, 2023

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USD JPY Technical Analysis March 21, 2023

The USD declined 0.46% against the JPY on Monday and closed at 131.31. Today in the European session, while the USD JPY Technical Analysis March 21, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 132.26, which is 0.70% higher than JPY from yesterday’s close.

The pair is expected to find support at 131.05. And a fall-through could take it to the next support level of 130.60 The pair is expected to find its first resistance at 131.45, and a rise-through could take it to the next resistance level of 132.60. Today’s expected trading range is between 129.80 support and 133.70 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 131.05
Support 2: 130.60
Support 3: 129.80

Important resistance levels:

Resistance 1: 132.45
Resistance 2: 132.60
Resistance 3: 133.70

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