USDJPY Technical Analysis today is in an upward trend. As the chart below shows. The USD/JPY price is trading at 157.80, and trading appears above most of the moving average intersections, and the MACD indicator indicates a positive trend. Accordingly, we can look to buy from the rise to $158.00, and the target area could be $158.27. It is also advisable to choose the $157.48 area as a stop loss point to control the risk.
USDJPY Technical Analysis: On the other hand
On the other hand, if the selling area at $157.48 is broken, the USD/JPY price may head towards the $157.27 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 158.63
- First resistance: 158.28
- Pivot level: 158.08
- First support: 157.73
- Second support: 157.53
