USDJPY Technical Analysis The pair concluded with the pound trading at 155.08 USD, as prices appear to be trading above most of the moving average crosses shown on the chart. The MACD indicator also indicates a positive trend, and accordingly, we can consider buying in the first session of this week, which is the Asian session, from the rise to $155.27, and the target area could be $155.49. It is also recommended to choose the $154.79 area as a stop loss point to control the risks.
USDJPY Technical Analysis: On the other hand
On the other hand, if the selling area at $154.79 is broken.
the Dollar Yen price may head towards the $154.61 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 155.25
- First resistance: 155.17
- Pivot level: 155.13
- First support: 155.05
- Second support: 155.01
