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USD JPY Technical Analysis July 18, 2023

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USD JPY Technical Analysis July 18, 2023

The USD declined 0.05% against the JPY on Monday and closed at 138.70. Today in the European session, while the USD JPY Technical Analysis July 18, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 138.15, which is 0.39% lower than JPY from yesterday’s close.

The pair is expected to find support at 138.05. And a fall-through could take it to the next support level of 137.30 The pair is expected to find its first resistance at 138.90, and a rise-through could take it to the next resistance level of 139.40. Today’s expected trading range is between 137.00 support and 140.30 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 138.05
Support 2: 137.30
Support 3: 137.00

Important resistance levels:

Resistance 1: 138.90
Resistance 2: 139.40
Resistance 3: 140.30

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