USDJPY Technical Analysis today is in a bearish trend, as shown in the chart below. The USD/JPY price is trading at 147.50, and trading appears below most of the moving average crossovers. The MACD indicator also indicates a bearish trend. Accordingly, we can consider selling from the drop to $147.25, with a potential target of $146.88. It is also recommended to choose the $147.88 area as a stop-loss point to control risk.
USDJPY Technical Analysis: On the Other Hand
On the other hand, if the buy zone at $147.88 is broken, the USD/JPY price may head towards $148.14.
USDJPY Technical Analysis: Resistance and Support Levels
- Second Resistance: 147.94
- First Resistance: 147.76
- Pivot Level: 147.65
- First Support: 147.47
- Second Support: 147.36
