USD JPY Technical Analysis August 2, 2022
The USD declined 1.26% against the JPY on Monday and closed at 131.60. Today in the European session, while the USD JPY Technical Analysis August 2, 2022, is preparing at 5:00 GMT, the USD/JPY is trading at 130.95, which is 0.48% lower than JPY from yesterday’s close.
The pair is expected to find support at 130.40. And a fall through could take it to the next support level of 130.20 The pair is expected to find its first resistance at 132.50, and a rise through could take it to the next resistance level of 133.20. Today’s expected trading range is between 129.55 support and 133.50 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 130.40
Support 2: 130.20
Support 3: 129.55
Important resistance levels:
Resistance 1: 132.50
Resistance 2: 133.20
Resistance 3: 133.50
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