USD JPY Technical Analysis August 11, 2022
The USD declined 1.61% against the JPY on Wednesday and closed at 132.89. Today in the European session, while the USD JPY Technical Analysis August 11, 2022, is preparing at 5:00 GMT, the USD/JPY is trading at 132.10, which is 0.60% lower than JPY from yesterday’s close.
The pair is expected to find support at 132.00. And a fall through could take it to the next support level of 131.50 The pair is expected to find its first resistance at 133.30, and a rise through could take it to the next resistance level of 133.45. Today’s expected trading range is between 130.40 support and 134.37 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 132.00
Support 2: 131.50
Support 3: 130.40
Important resistance levels:
Resistance 1: 133.30
Resistance 2: 133.60
Resistance 3: 134.37
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