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USD JPY Technical Analysis February 9, 2023

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USD JPY Technical Analysis February 9, 2023

The USD rose 0.25% against the JPY on Wednesday and closed at 131.37. Today in the European session, while the USD JPY Technical Analysis February 9, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 130.93, which is 0.34% lower than JPY from yesterday’s close.

The pair is expected to find support at 130.80. And a fall-through could take it to the next support level of 130.60 The pair is expected to find its first resistance at 131.75, and a rise-through could take it to the next resistance level of 132.15. Today’s expected trading range is between 129.80 support and 132.90 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 130.80
Support 2: 130.60
Support 3: 129.80

Important resistance levels:

Resistance 1: 131.75
Resistance 2: 132.15
Resistance 3: 132.90

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