USDJPY Technical Analysis: Downtrend

USDJPY Technical Analysis today is in an uptrend. As the chart below shows. The USD/JPY price is trading at 155.56, 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 $155.72, and the target area may be $155.97. It is also advisable to choose the $155.29 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 $155.29 is broken, the USD/JPY price may head towards the $155.13 level.

USDJPY Technical Analysis

USDJPY Technical Analysis: Resistance and support levels

  • Second resistance: 155.85
  • First resistance: 155.76
  • Pivot level: 155.67
  • First support: 155.49
  • Second support: 155.40
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