USD JPY Technical Analysis May 2, 2023
The USD rose 0.93% against the JPY on Monday and closed at 137.45. Today in the European session, while the USD JPY Technical Analysis May 2, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 137.55, which is 0.05% higher than JPY from yesterday’s close.
The pair is expected to find support at 136.95. And a fall-through could take it to the next support level of 136.60 The pair is expected to find its first resistance at 137.70, and a rise-through could take it to the next resistance level of 137.90. Today’s expected trading range is between 135.70 support and 139.30 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 136.95
Support 2: 136.60
Support 3: 135.70
Important resistance levels:
Resistance 1: 137.70
Resistance 2: 137.90
Resistance 3: 139.30
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