USDJPY Technical Analysis today is in an upward trend. As the chart below shows. The USD/JPY price is trading at 157.55, and trading appears above most of the moving average intersections, and the MACD indicator indicates a weak negative trend. Accordingly, we can look to buy from the rise to $157.67, and the target area could be $157.85. It is also advisable to choose the $157.29 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 $157.29 is broken, the USD/JPY price may head towards the $157.17 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 157.68
- First resistance: 157.61
- Pivot level: 157.50
- First support: 157.32
- Second support: 157.25
