USDJPY Technical Analysis today is in an uptrend, as shown in the chart below. The USD/JPY price is trading at 150.00, 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 $150.12, with a potential target of $150.31. It is also recommended to choose the $149.77 area as a stop-loss point to control risk.
USDJPY Technical Analysis: On the Other Hand
On the other hand, if the $149.77 sell zone is broken, the USD/JPY price may head towards $149.65.
USDJPY Technical Analysis: Resistance and Support Levels
- Second Resistance: 150.14
- First Resistance: 150.07
- Pivot Level: 150.00
- First Support: 149.93
- Second Support: 149.86
