USD JPY Technical Analysis April 5, 2023
The USD declined 0.54% against the JPY on Tuesday and closed at 131.70. Today in the European session, while the USD JPY Technical Analysis April 5, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 131.07, which is 0.49% lower than JPY from yesterday’s close.
The pair is expected to find support at 131.00. And a fall-through could take it to the next support level of 130.50 The pair is expected to find its first resistance at 131.80, and a rise-through could take it to the next resistance level of 132.20. Today’s expected trading range is between 129.70 support and 133.10 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 131.00
Support 2: 130.50
Support 3: 129.70
Important resistance levels:
Resistance 1: 131.80
Resistance 2: 132.20
Resistance 3: 133.10
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