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USD JPY Technical Analysis July 28, 2022

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USD JPY Technical Analysis July 28, 2022

The USD declined 0.27% against the JPY on Wednesday and closed at 136.58. Today in the European session, while the USD JPY Technical Analysis July 28, 2022, is preparing at 5:00 GMT, the USD/JPY is trading at 134.71, which is 1.37% lower than JPY from yesterday’s close.

The pair is expected to find support at 134.70. And a fall through could take it to the next support level of 134.30 The pair is expected to find its first resistance at 135.75, and a rise through could take it to the next resistance level of 136.30. Today’s expected trading range is between 133.60 support and 137.40 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 134.70
Support 2: 134.30
Support 3: 133.60

Important resistance levels:

Resistance 1: 135.75
Resistance 2: 136.30
Resistance 3: 137.40

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