USDJPY Technical Analysis today is in a bearish trend. As the chart below shows. The Dollar Yen price is trading at 152.86, and trading appears below most of the moving average crossovers, and the MACD indicator indicates a negative trend. Accordingly, we can look to sell from the decline to $152.67, and the target area could be $152.40. It is also advisable to choose the $153.18 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 $153.18 is broken, the USD/JPY price may head towards the $153.37 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 153.06
- First resistance: 153.00
- Pivot level: 152.90
- First support: 152.84
- Second support: 152.74
