USDJPY Technical Analysis :today is in a bearish trend. As the chart below shows. The USD/JPY price is trading at 154.41, and trading appears below most of the moving average crossovers, as the MACD indicator indicates a negative trend. Accordingly, we can look to sell from the decline to $154.20, and the target area could be $153.85. It is also advisable to choose the $154.74 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 $154.74 is broken, the USD/JPY price may head towards the $154.97 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 154.84
- First resistance: 154.60
- Pivot level: 154.26
- First support: 154.02
- Second support: 153.68
