USD JPY Technical Analysis 31 May 2022
The USD rose 0.40% against the JPY on Monday and closed at 127.55. Today in the Asian session, while USD JPY Technical Analysis 31 May 2022, is preparing at 5:15 GMT, the USD/JPY is trading at 126.63, which is 0.83% higher than JPY from yesterday’s close.
The pair is expected to find support at 126.85. And a fall through could take it to the next support level of 126.68 The pair is expected to find its first resistance at 128.90, and a rise through could take it to the next resistance level of 129.50. Today’s expected trading range is between 126.85 support and 129.75 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 127.70
Support 2: 127.25
Support 3: 126.85
Important resistance levels:
Resistance 1: 128.90
Resistance 2: 129.50
Resistance 3: 129.75
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