Technical analysis of USD/JPY today is in an uptrend. As the chart below shows. The USD/JPY price is trading at $143.91, and trading appears above most of the moving average crossovers, as the MACD indicator indicates a positive trend. Accordingly, we can look to buy from the rise to $144.19, and the target area could be $144.88. It is also advisable to choose the $143.55 area as a stop loss point to control the risk.
Technical Analysis of USD/JPY: On the other hand
On the other hand, if the selling area at $143.55 is broken, the USD/JPY price may head towards the $142.84 level.
Technical analysis of the dollar yen: Resistance and support levels
- Second resistance: 145.00
- First resistance: 144.00
- Pivot level: 143.00
- First support: 142.00
- Second support: 141.00
