USD JPY Technical Analysis February 7, 2023
The USD rose 0.36% against the JPY on Monday and closed at 132.65. Today in the European session, while the USD JPY Technical Analysis February 7, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 132.10, which is 0.41% lower than JPY from yesterday’s close.
The pair is expected to find support at 131.70. And a fall-through could take it to the next support level of 131.55 The pair is expected to find its first resistance at 132.85, and a rise-through could take it to the next resistance level of 133.20. Today’s expected trading range is between 130.55 support and 133.75 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 131.70
Support 2: 131.55
Support 3: 130.55
Important resistance levels:
Resistance 1: 132.85
Resistance 2: 133.20
Resistance 3: 133.75
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