USD JPY Technical Analysis March 16, 2023
The USD declined 0.67% against the JPY on Wednesday and closed at 133.35. Today in the European session, while the USD JPY Technical Analysis March 16, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 131.87, which is 1.10% lower than JPY from yesterday’s close.
The pair is expected to find support at 131.50. And a fall-through could take it to the next support level of 131.00 The pair is expected to find its first resistance at 133.50, and a rise-through could take it to the next resistance level of 134.00. Today’s expected trading range is between 130.60 support and 135.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 131.50
Support 2: 131.00
Support 3: 130.60
Important resistance levels:
Resistance 1: 133.50
Resistance 2: 134.00
Resistance 3: 135.00
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