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USD JPY Technical Analysis May 18, 2022

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USD JPY Technical Analysis May 18, 2022

The USD rose 0.20% against the JPY on Tuesday and closed at 129.37. Today in the Asian session, while USD JPY Technical Analysis May 18, 2022, is preparing at 5:15 GMT, the USD/JPY is trading at 129.10, which is 0.21% lower than JPY from yesterday’s close.

The pair is expected to find support at 128.90. And a fall through could take it to the next support level of 128.72 The pair is expected to find its first resistance at 129.50, and a rise through could take it to the next resistance level of 129.75. Today’s expected trading range is between 127.55 support and 130.80 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 128.90
Support 2: 128.72
Support 3: 127.55

Important resistance levels:

Resistance 1: 129.50
Resistance 2: 129.75
Resistance 3: 130.80

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