USD JPY Technical Analysis August 20, 2021
The USD declined 0.02% against the JPY on Thursday and closed at 109.75. Today in the Asian session, while USD JPY Technical Analysis August 20, 2021 is preparing at 5:15 GMT, the USD/JPY is trading at 109.62, which is 0.11% lower 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 109.40 The pair is expected to find its first resistance at 109.88, and a rise through could take it to the next resistance level of 110.20. Today’s expected trading range is between 109.12 support and 110.30 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 109.50
Support 2: 109.40
Support 3: 109.12
Important resistance levels:
Resistance 1: 109.88
Resistance 2: 110.20
Resistance 3: 110.30