USD JPY Technical Analysis 23 May 2022
The USD rose 0.11% against the JPY on Friday and closed at 127.92. Today in the Asian session, while USD JPY Technical Analysis 23 May 2022, is preparing at 5:15 GMT, the USD/JPY is trading at 127.92, which is 0.50% lower than JPY from yesterday’s close.
The pair is expected to find support at 127.05. And a fall through could take it to the next support level of 126.25 The pair is expected to find its first resistance at 127.55, and a rise through could take it to the next resistance level of 128.25. Today’s expected trading range is between 125.70 support and 128.90 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 127.05
Support 2: 126.25
Support 3: 125.70
Important resistance levels:
Resistance 1: 127.55
Resistance 2: 128.25
Resistance 3: 128.90
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