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USD JPY Technical Analysis May 16, 2022

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USD JPY Technical Analysis May 16, 2022

The USD rose 0.79% against the JPY on Friday and closed at 129.25. Today in the Asian session, while USD JPY Technical Analysis May 16, 2022, is preparing at 5:15 GMT, the USD/JPY is trading at 128.96, which is 0.23% lower than JPY from yesterday’s close.

The pair is expected to find support at 128.50. And a fall through could take it to the next support level of 127.55 The pair is expected to find its first resistance at 129.60, and a rise through could take it to the next resistance level of 130.00. Today’s expected trading range is between 127.00 support and 130.75 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 128.50
Support 2: 127.55
Support 3: 127.00

Important resistance levels:

Resistance 1: 129.60
Resistance 2: 130.00
Resistance 3: 130.75

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