Technical analysis of USD/JPY today is in a weak upward trend. As the chart below shows. The dollar yen price is trading at $143.65, and trading appears below most of the moving average intersections, as the MACD indicator indicates a weak positive trend. Accordingly, we can look to sell from the decline to $143.36, and the target area may be $142.71. It is also advisable to choose the $143.92 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 zone at $143.92 is broken, the USD/JPY price may head towards the $144.46 level.
Technical Analysis of USD/JPY: Resistance and support levels
- Second resistance: 144.70
- First resistance: 143.90
- Pivot level: 143.10
- First support: 142.60
- Second support: 141.90
