USD JPY Technical Analysis May 11, 2023
The USD declined 0.60% against the JPY on Wednesday and closed at 134.38. Today in the European session, while the USD JPY Technical Analysis May 11, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 134.72, which is 0.26% higher than JPY from yesterday’s close.
The pair is expected to find support at 133.90. And a fall-through could take it to the next support level of 133.55 The pair is expected to find its first resistance at 134.80, and a rise-through could take it to the next resistance level of 135.40. Today’s expected trading range is between 135.05 support and 136.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 133.90
Support 2: 133.55
Support 3: 133.05
Important resistance levels:
Resistance 1: 134.80
Resistance 2: 135.40
Resistance 3: 136.40
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