USDJPY Technical Analysis today is in a downtrend. As the chart below shows. The USD/JPY price is trading at 152.73, and trading appears below most of the moving average crossovers, as the MACD indicator indicates a negative trend. Accordingly, we can look to buy from the rise to $152.73, and the target area could be $153.19. It is also advisable to choose the $151.87 area as a stop loss point to control the risk.
USDJPY Technical Analysis: On the other hand
On the other hand, if the sell zone at $151.87 is broken, the USDJPY price may head towards the $151.52 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 152.54
- First resistance: 152.44
- Pivot level: 152.28
- First support: 152.18
- Second support: 152.02
