USDJPY Technical Analysis today is in an upward trend. As the chart below shows. The USD/JPY price is trading at 158.04, and appears below and above most of the moving average crossovers, and the MACD indicator indicates a negative trend. Accordingly, we can look to sell from the decline to $157.89, and the target area could be $157.71. It is also advisable to choose the $158.23 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 $158.23 is broken, the USD/JPY price may head towards the $158.36 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 158.15
- First resistance: 158.09
- Pivot level: 157.99
- First support: 157.95
- Second support: 157.89
