USDJPY Technical Analysis: Bearish Trading

USDJPY Technical Analysis today is at the beginning of a bearish trend. As the chart below shows. The USD/JPY price is trading at 154.60, and trading appears below most of the moving average crossovers, as the MACD indicator indicates a negative trend. Accordingly, we can look to sell from the decline to $154.33, and the target area could be $154.11. It is also advisable to choose the $154.95 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 $154.95 is broken, the USD/JPY price may head towards the $155.11 level.

USDJPY Technical Analysis

USDJPY Technical Analysis: Resistance and support levels

  • Second resistance: 154.84
  • First resistance: 154.75
  • Pivot level: 154.64
  • First support: 154.55
  • Second support: 154.44
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