USD JPY Technical Analysis February 8, 2023
The USD declined 1.21% against the JPY on Tuesday and closed at 131.03. Today in the European session, while the USD JPY Technical Analysis February 8, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 131.10, which is 0.05% higher than JPY from yesterday’s close.
The pair is expected to find support at 130.60. And a fall-through could take it to the next support level of 130.10 The pair is expected to find its first resistance at 131.35, and a rise-through could take it to the next resistance level of 131.70. Today’s expected trading range is between 129.80 support and 132.90 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 130.60
Support 2: 130.10
Support 3: 129.80
Important resistance levels:
Resistance 1: 131.35
Resistance 2: 131.70
Resistance 3: 132.90
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