USD JPY Technical Analysis August 18, 2021
The USD rose 0.30% against the JPY on Tuesday and closed at 109.59. Today in the Asian session, while USD JPY Technical Analysis August 18, 2021 is preparing at 4:15 GMT, the USD/JPY is trading at 109.65, which is 0.05% higher against JPY from yesterday’s close.
The pair is expected to find support at 109.50. And a fall through could take it to the next support level of 109.12 The pair is expected to find its first resistance at 109.80, and a rise through could take it to the next resistance level of 110.00. Today’s expected trading range is between 108.73 support and 110.30 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 109.50
Support 2: 109.12
Support 3: 108.73
Important resistance levels:
Resistance 1: 109.80
Resistance 2: 110.00
Resistance 3: 110.30