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USD JPY Technical Analysis February 1, 2023

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USD JPY Technical Analysis February 1, 2023

The USD declined 0.24% against the JPY on Tuesday and closed at 130.10. Today in the European session, while the USD JPY Technical Analysis February 1, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 129.80, which is 0.23% lower than JPY from yesterday’s close.

The pair is expected to find support at 129.70. And a fall-through could take it to the next support level of 129.20 The pair is expected to find its first resistance at 130.40, and a rise-through could take it to the next resistance level of 130.55. Today’s expected trading range is between 129.05 support and 131.10 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 129.70
Support 2: 129.20
Support 3: 129.05

Important resistance levels:

Resistance 1: 130.40
Resistance 2: 130.55
Resistance 3: 131.10

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