USD JPY Technical Analysis June 16, 2023
The USD rose 0.16% against the JPY on Thursday and closed at 140.28. Today in the European session, while the USD JPY Technical Analysis June 16, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 141.30, which is 0.71% higher than JPY from yesterday’s close.
The pair is expected to find support at 140.50. And a fall-through could take it to the next support level of 139.90 The pair is expected to find its first resistance at 141.35, and a rise-through could take it to the next resistance level of 141.50. Today’s expected trading range is between 139.30 support and 142.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 140.50
Support 2: 139.90
Support 3: 139.30
Important resistance levels:
Resistance 1: 141.35
Resistance 2: 141.50
Resistance 3: 142.00
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