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USD JPY Technical Analysis May 17, 2022

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USD JPY Technical Analysis May 17, 2022

The USD declined 0.11% against the JPY on Monday and closed at 129.13. Today in the Asian session, while USD JPY Technical Analysis May 17, 2022, is preparing at 5:15 GMT, the USD/JPY is trading at 129.22, which is 0.07% higher than JPY from yesterday’s close.

The pair is expected to find support at 128.72. And a fall through could take it to the next support level of 128.50 The pair is expected to find its first resistance at 129.40, and a rise through could take it to the next resistance level of 129.60. Today’s expected trading range is between 127.55 support and 130.80 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 128.72
Support 2: 128.50
Support 3: 127.55

Important resistance levels:

Resistance 1: 129.40
Resistance 2: 129.60
Resistance 3: 130.80

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