USDJPY Technical Analysis today is in an upward trend. As the chart below shows. The USD/JPY price is trading at 156.01, 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 $156.34, and the target area could be $156.82. It is also advisable to choose the $155.50 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 $155.50 is broken, the USDJPY price may head towards the $155.21 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 156.25
- First resistance: 156.11
- Pivot level: 155.91
- First support: 155.77
- Second support: 155.57
