USD JPY Technical Analysis January 12, 2023
The USD rose 0.19% against the JPY on Wednesday and closed at 132.48. Today in the European session, while the USD JPY Technical Analysis January 12, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 130.67, which is 1.35% lower 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 130.30The pair is expected to find its first resistance at 131.35, and a rise-through could take it to the next resistance level of 131.90. Today’s expected trading range is between 129.55 support and 132.50 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 130.60
Support 2: 130.30
Support 3: 129.55
Important resistance levels:
Resistance 1: 131.35
Resistance 2: 131.90
Resistance 3: 132.50
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