USDJPY Technical Analysis today is in an upward trend. As the chart below shows. The USD/JPY price is trading at 154.88, 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 $155.18, and the target area could be $155.57. It is also advisable to choose the $154.27 area as a stop loss point to control the risk.
USDJPY Technical Analysis: On the other hand
On the other hand, if the selling area at $154.27 is broken, the USD/JPY price may head towards the $153.96 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 155.16
- First resistance: 154.96
- Pivot level: 154.66
- First support: 154.56
- Second support: 154.36
