USDJPY Technical Analysis today is in a downtrend. As the chart below shows. The USD/JPY price is trading at 151.71, 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 $152.01, and the target area could be $152.55. It is also advisable to choose the $151.12 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 $151.12 is broken, the USD/JPY price may head towards the $150.75 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 151.74
- First resistance: 151.67
- Pivot level: 151.62
- First support: 151.55
- Second support: 151.50
