USDJPY Technical Analysis today is in an upward trend. As the chart below shows. The USD/JPY price is trading at 153.94, and trading appears below most of the moving average crossovers, and the MACD indicator indicates a positive trend. Accordingly, we can look to buy from the rise to $154.20, and the target area could be $154.61. It is also advisable to choose the $153.34 area as a stop loss point to control the risk.
USDJPY Technical Analysis: On the other hand
On the other hand, if the sell zone at $153.34 is broken, the USD/JPY price may head towards the $153.02 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 154.18
- First resistance: 154.09
- Pivot level: 154.03
- First support: 153.94
- Second support: 153.88
