USDJPY Technical Analysis: today is in a bearish trend. As the chart below shows. The USD/JPY price is trading at 154.34, and trading appears below most of the moving average crossovers, as the MACD indicator indicates a weak negative trend. Accordingly, we can look to sell from the decline to $154.17, and the target area could be $153.92. It is also advisable to choose the $154.65 area as a stop loss point to control the risk.
USDJPY Technical Analysis: On the other hand
On the other hand, if the buy zone at $154.65 is broken, the USD/JPY price may head towards the $154.83 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 154.61
- First resistance: 154.46
- Pivot level: 154.37
- First support: 154.22
- Second support: 154.13
