USDJPY Technical Analysis today is in a downtrend. As the chart below shows. The USD/JPY price is trading at 155.39, and trading appears below most of the moving average intersections, as the MACD indicator indicates a negative trend. Accordingly, we can look to sell from the decline to $155.12, and the target area could be $154.75. It is also advisable to choose the $155.87 area as a stop loss point to control the risk.
USDJPY Technical Analysis: On the other hand
On the other hand, if the buy zone at $155.87 is broken, the USD/JPY price may head towards the $156.15 level.
USDJPY Technical Analysis: resistance and support levels
- Second resistance: 155.81
- First resistance: 155.63
- Pivot level: 155.87
- First support: 155.19
- Second support: 154.93
