USDJPY Technical Analysis today is in a weak uptrend. As shown in the chart below. The USD/JPY is trading at 148.48, and trading appears below most of the moving average crossovers, as the MACD indicator indicates a negative trend. Accordingly, we can consider selling from the decline to $148.19, and the target could be the $147.80 area. It is also recommended to choose the $148.92 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 $148.92 is broken, the USD/JPY price may head towards the $149.19 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 149.21
- First resistance: 148.82
- Pivot level: 148.53
- First support: 148.14
- Second support: 147.85
