USDJPY Technical Analysis: The USD/JPY pair is trading in a bearish trend today, recording a high of 154.34 and a low of 153.04, with the pair currently trading near the 153.04 level. This move reflects the weakness of the bullish momentum and the preference for the bearish trend in the market.
USDJPY Technical Analysis: Technical Analysis
Through technical analysis, we notice that prices are trading below the moving averages, indicating the continuation of the bearish trend in the market. Trading below these averages reflects the weakness of the bullish momentum and reinforces the negative trend.
MACD Indicator: The MACD indicator shows a negative crossover and settles in the negative zone, reflecting bearish pressures on the pair. This indicates that the bearish momentum may continue, with further declines expected if current conditions persist.
Forecast:
The USD/JPY pair is expected to continue moving downward, especially if it continues to trade below the moving averages. We may see further pullbacks towards lower support levels, while any reversal above these averages may reflect a potential change in the short-term trend.
Trading strategies based on Buy/Sell levels
| USDJPY | In case of buying | in case of selling |
| Entry point | 153.45 | 152.82 |
| Target Point 1 (TP1) | First resistance: 153.78 | First support: 152.53 |
| Target Point 2 (TP2) | Second resistance: 154.05 | Second support: 152.20 |
| Stop Loss (SL) | 152.82 | 153.45 |
The overall trend of the USD/JPY pair is pointing to a downward movement, supported by negative signals from the moving averages and the MACD indicator. Traders should monitor support and resistance levels to identify entry opportunities in the market based on the current trend.
