USDJPY Technical Analysis today is in a bearish trend, as shown in the chart below. The USD/JPY price is trading at 149.50, 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 decline to $149.29, with a potential target of $149.08. It is also recommended to choose the $149.72 area as a stop-loss point to control risk.
USDJPY Technical Analysis: On the Other Hand
On the other hand, if the buy zone at $149.72 is broken, the USD/JPY price may head towards $149.87.
USDJPY Technical Analysis: Resistance and Support Levels
- Second Resistance: 149.73
- First Resistance: 149.60
- Pivot Level: 149.50
- First Support: 149.37
- Second Support: 149.27
