USDJPY Technical Analysis today is in a downtrend. As the chart below shows. The USD/JPY price is trading at 151.86, 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 $151.58, and the target area could be $151.11. It is also advisable to choose the $152.50 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 $152.50 is broken, the USD/JPY price may head towards the $152.85 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 152.30
- First resistance: 152.17
- Pivot level: 151.92
- First support: 151.54
- Second support: 151.41
