USD JPY Technical Analysis May 31, 2023
The USD declined 0.48% against the JPY on Tuesday and closed at 137.77. Today in the European session, while the USD JPY Technical Analysis May 31, 2023, is prepared at 5:00 GMT, the USD/JPY is trading at 139.75, which is 0.02% lower than JPY from yesterday’s close.
The pair is expected to find support at 129.25. And a fall-through could take it to the next support level of 138.85 The pair is expected to find its first resistance at 139.85, and a rise-through could take it to the next resistance level of 140.00. Today’s expected trading range is between 138.25 support and 140.90 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 129.25
Support 2: 138.85
Support 3: 138.25
Important resistance levels:
Resistance 1: 139.85
Resistance 2: 140.00
Resistance 3: 140.90
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