USDJPY Technical Analysis today is in a downtrend. As the chart below shows. The USD/JPY price is trading at 155.52, and trading appears below most of the moving average crossovers, as the MACD indicator indicates a negative trend. Accordingly, we can look to sell from the decline to $155.27, and the target area could be $154.94. It is also advisable to choose the $155.98 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 $155.98 is broken, the USD/JPY price may head towards the $156.22 level.
USDJPY Technical Analysis: resistance and support levels
- Second resistance: 155.69
- First resistance: 155.64
- Pivot level: 155.53
- First support: 155.48
- Second support: 155.37
