USD JPY Technical Analysis 24 May 2022
The USD rose 0.11% against the JPY on Monday and closed at 127.92. Today in the Asian session, while USD JPY Technical Analysis 24 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 127.20. And a fall through could take it to the next support level of 127.05 The pair is expected to find its first resistance at 128.05, and a rise through could take it to the next resistance level of 128.25. Today’s expected trading range is between 126.50 support and 128.90 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 127.20
Support 2: 127.05
Support 3: 126.50
Important resistance levels:
Resistance 1: 128.05
Resistance 2: 128.25
Resistance 3: 128.90
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