USD JPY Technical Analysis January 19, 2023
The USD rose 0.59% against the JPY on Wednesday and closed at 128.90. Today in the European session, while the USD JPY Technical Analysis January 19, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 128.54, which is 0.30% lower than JPY from yesterday’s close.
The pair is expected to find support at 127.60. And a fall-through could take it to the next support level of 127.25 The pair is expected to find its first resistance at 129.00, and a rise-through could take it to the next resistance level of 129.30. Today’s expected trading range is between 126.60 support and 131.50 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 127.60
Support 2: 127.25
Support 3: 126.60
Important resistance levels:
Resistance 1: 129.00
Resistance 2: 129.30
Resistance 3: 131.50
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