USDJPY Technical Analysis today is in a downtrend. As the chart below shows. The USD/JPY price is trading at 154.37, and trading appears above most of the moving average intersections, as the MACD indicator indicates a negative trend. Accordingly, we can look to sell from the decline to $154.19, and the target area could be $153.94. It is also advisable to choose the $154.68 area as a stop loss point to control the risk.
USDJPY Technical Analysis: On the other hand
On the other hand, if the selling area at $154.68 is broken, the USD/JPY price may head towards the $154.87 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 154.53
- First resistance: 154.42
- Pivot level: 154.34
- First support: 154.23
- Second support: 154.15
