USD JPY Technical Analysis January 20, 2023
The USD declined 0.30% against the JPY on Thursday and closed at 128.42. Today in the European session, while the USD JPY Technical Analysis January 20, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 130.25, which is 1.42% higher than JPY from yesterday’s close.
The pair is expected to find support at 129.20. And a fall-through could take it to the next support level of 128.75 The pair is expected to find its first resistance at 130.55, and a rise-through could take it to the next resistance level of 131.00. Today’s expected trading range is between 127.80 support and 131.50 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 129.20
Support 2: 128.75
Support 3: 127.80
Important resistance levels:
Resistance 1: 130.55
Resistance 2: 131.00
Resistance 3: 131.50
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