USDJPY Technical Analysis today is at the beginning of a bearish trend. As the chart below shows. The USD/JPY price is trading at 149.27, and trading appears below most of the moving average intersections, as the MACD indicator indicates the beginning of a negative trend. Accordingly, we can look to sell from the decline to $148.95, and the target area could be $148.59. It is also advisable to choose the $149.65 area as a stop loss point to control the risk.
USDJPY Technical Analysis: On the other hand
On the other hand, if the buy zone at $149.65 is broken, the USD/JPY price may head towards the $149.94 level.
USDJPY Technical Analysis: resistance and support levels
- Second resistance: 149.39
- First resistance: 149.32
- Pivot level: 149.24
- First support: 149.16
- Second support: 149.09
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