USD JPY Technical Analysis Aug 16, 2023
The USD rose 0.03% against the JPY on Tuesday and closed at 145.58. Today in the European session, while the USD JPY Technical Analysis Aug 16, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 145.65, which is 0.05% higher than JPY from yesterday’s close.
The pair is expected to find support at 145.15. And a fall-through could take it to the next support level of 144.70 The pair is expected to find its first resistance at 145.80, and a rise-through could take it to the next resistance level of 146.00. Today’s expected trading range is between 144.45 support and 146.50 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 145.15
Support 2: 144.70
Support 3: 144.45
Important resistance levels:
Resistance 1: 145.80
Resistance 2: 146.00
Resistance 3: 146.50
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