USDJPY Technical Analysis today is in an upward trend, as shown in the chart below. The USD/JPY price is trading at 148.81, trading above most of the moving average crossovers, and the MACD indicator indicates a positive trend. Accordingly, we can consider buying from the rise to $149.03, with the target area potentially being $149.33. It is also recommended to choose the $148.36 area as a stop-loss point to control risk.
USDJPY Technical Analysis: On the Other Hand
On the other hand, if the $148.36 sell zone is broken, the USD/JPY price may head towards $148.14.
USDJPY Technical Analysis: Resistance and Support Levels
- Second Resistance: 149.01
- First Resistance: 148.87
- Pivot Level: 148.80
- First Support: 148.66
- Second Support: 148.59
