USDJPY Technical Analysis today is in a bearish trend. As the chart below shows. The USD/JPY price is trading at 157.10, 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 $156.71, and the target area could be $156.30. It is also advisable to choose the $157.58 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 $157.58 is broken, the USD/JPY price may head towards the $157.86 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 157.64
- First resistance: 157.40
- Pivot level: 157.04
- First support: 156.80
- Second support: 156.44
