USDJPY Technical Analysis: Downtrend

USDJPY Technical Analysis The pair concluded when the pound price was trading at a price of 155.89 dollars, as the price trades below most of the moving average intersections shown on the chart. The MACD indicator also indicates a negative trend, and accordingly, we can consider selling in the first session of this week.

which is the Asian session, from the rise to $156.07, and the target area could be $155.65. It is also recommended to choose the $156.33 area as a stop loss point to control the risks.

USDJPY Technical Analysis: On the other hand

On the other hand, if the buy area at $156.33 is broken, the Dollar Yen price may head towards the $156.53 level.

USDJPY Technical Analysis

USDJPY Technical Analysis: resistance and support levels

  • Second resistance: 156.06
  • First resistance: 155.98
  • Pivot level: 155.90
  • First support: 155.82
  • Second support: 155.74
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