USDJPY Technical Analysis today is in a bearish trend, as shown in the chart below. The USD/JPY price is trading at 148.76, and trading appears below most of the moving average crossovers. The MACD indicator also indicates a bearish trend. Accordingly, we can consider selling from the drop to $148.50, with a potential target of $148.13. It is also recommended to choose the $149.18 area as a stop-loss point to control risk.
USDJPY Technical Analysis: On the Other Hand
On the other hand, if the $149.18 sell zone is broken, the USD/JPY price may head towards $149.44.
USDJPY Technical Analysis: Resistance and Support Levels
- Second Resistance: 149.10
- First Resistance: 148.97
- Pivot Level: 148.83
- First Support: 148.70
- Second Support: 148.56
