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 154.44, and trading appears below most of the moving average crossovers, as the MACD indicator indicates a negative trend. Accordingly, we can look to buy from the decline to $154.21, and the target area could be $154.77. It is also advisable to choose the $153.88 area as a stop loss point to control the risk.

USDJPY Technical Analysis: On the other hand

On the other hand, if the selling area at $153.88 is broken, the USD/JPY price may head towards the $153.63 level.

USDJPY Technical Analysis

USDJPY Technical Analysis: Resistance and support levels

  • Second resistance: 154.67
  • First resistance: 154.57
  • Pivot level: 154.47
  • First support: 154.37
  • Second support: 154.27
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