USDJPY Technical Analysis: today is in an upward trend. As shown in the chart below. The USD/JPY price is trading at 148.29, and trading appears above most of the moving average intersections, as the MACD indicator indicates a positive trend. Accordingly, we can look to buy from the rise to $148.75, and the target area could be $149.50. It is also advisable to choose the $147.19 area as a stop loss point to control the risk.
USDJPY Technical Analysis: On the other hand
On the other hand, if the selling zone at $147.19 is broken, the USD/JPY price may head towards the $146.63 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 148.38
- First resistance: 148.31
- Pivot level: 148.23
- First support: 148.16
- Second support: 148.08
