USDJPY Technical Analysis The pair concluded when the yen price was trading at 151.29 dollars, as prices appear to be trading below most of the moving average crosses shown on the chart. The MACD indicator also indicates a negative trend, and accordingly, we can consider buying in the first session of this week.
which is the Asian session, from the rise to $151.64, and the target area could be $152.09. It is also recommended to choose the $150.72 area as a stop loss point to control the risks.
USDJPY Technical Analysis: On the other hand
On the other hand, if the sell area at $150.72 is broken, the Dollar Yen price may head towards the $150.35 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 151.49
- First resistance: 151.40
- Pivot level: 151.33
- First support: 151.24
- Second support: 151.17
