USDJPY Technical Analysis: The pair closed with the GBP/JPY price trading at $149.83, with prices trading below most of the moving average crossovers shown on the chart. The MACD indicator also indicates a bearish trend. Therefore, we may consider selling in the first session of this week, the Asian session, from a decline to $149.62, with a target area of $149.39. It is also recommended to choose the $150.14 area as a stop-loss point to control risk.
USDJPY Technical Analysis: On the other hand,
if the buy zone at $150.14 is broken, the USD/JPY price may head towards $150.32.
USDJPY Technical Analysis: Resistance and Support Levels
- Second Resistance: 150.08
- First Resistance: 149.91
- Pivot Level: 149.83
- First Support: 149.66
- Second Support: 149.58
