USD JPY Technical Analysis 25 May 2022
The USD declined 0.83% against the JPY on Tuesday and closed at 126.83. Today in the Asian session, while USD JPY Technical Analysis 25 May 2022, is preparing at 5:15 GMT, the USD/JPY is trading at 127.00, which is 0.13% lower than JPY from yesterday’s close.
The pair is expected to find support at 125.40. And a fall through could take it to the next support level of 126.10 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 125.10 support and 128.25 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 126.40
Support 2: 126.10
Support 3: 125.10
Important resistance levels:
Resistance 1: 127.50
Resistance 2: 128.00
Resistance 3: 128.25
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