USDJPY Technical Analysis: Downtrend

USDJPY Technical Analysis today is in a downtrend. As the chart below shows. The USD/JPY price is trading at 154.36, 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 $154.05, and the target area could be $153.69. It is also advisable to choose the $154.69 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 $154.69 is broken, the USD/JPY price may head towards the $154.95 level.

USDJPY Technical Analysis

USDJPY Technical Analysis: Resistance and support levels

  • Second resistance: 154.57
  • First resistance: 154.40
  • Pivot level: 154.25
  • First support: 154.08
  • Second support: 153.93
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