USDJPY Technical Analysis today is in an upward trend. As shown in the chart below. The USD/JPY price is trading at 149.76, 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 $149.99, and the target area could be $150.33. It is also advisable to choose the $149.30 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 $149.30 is broken, the USD/JPY price may head towards the $149.07 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 149.84
- First resistance: 149.79
- Pivot level: 149.74
- First support: 149.69
- Second support: 149.64
