USDJPY Technical Analysis: Bearish Trading

USDJPY Technical Analysis today is in a bearish trend. As the chart below shows. The USD/JPY price is trading at 155.35, and trading appears above most of the moving average intersections, as the MACD indicator indicates a negative trend. Accordingly, we can look to buy from the rise to $155.56, and the target area may be $155.85. It is also advisable to choose the $155.01 area as a stop loss point to control the risk.

USDJPY Technical Analysis: On the other hand

On the other hand, if the selling zone at $155.01 is broken, the USD/JPY price may head towards the $154.84 level.

USDJPY Technical Analysis

USDJPY Technical Analysis: Resistance and support levels

  • Second resistance: 155.59
  • First resistance: 155.48
  • Pivot level: 155.20
  • First support: 155.10
  • Second support: 155.03
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