USD JPY Technical Analysis May 3, 2022
The USD declined 0.30% against the JPY on Monday and closed at 130.15. Today in the Asian session, while USD JPY Technical Analysis May 3, 2022, is preparing at 3:15 GMT, the USD/JPY is trading at 130.10, which is 0.05% lower than JPY from yesterday’s close.
The pair is expected to find support at 129.70. And a fall through could take it to the next support level of 129.33 The pair is expected to find its first resistance at 130.750, and a rise through could take it to the next resistance level of 131.20. Today’s expected trading range is between 128.90 support and 132.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 129.70
Support 2: 129.33
Support 3: 128.90
Important resistance levels:
Resistance 1: 130.50
Resistance 2: 131.20
Resistance 3: 132.00
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