USDJPY Technical Analysis: Bearish Trading

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

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
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