USDJPY Technical Analysis The pair concluded when the yen price was trading at a price of 152.32 dollars, as prices appear to be trading below most of the moving average intersections shown on the chart. The MACD indicator also indicates a negative trend and accordingly.
we can consider selling in the first session of this week, which is the Asian session, from the decline to $152.10, and the target area could be $151.82. It is also recommended to choose the $152.61 area as a stop loss point to control the risks.
USDJPY Technical Analysis: On the other hand
On the other hand, if the buy area at $152.61 is broken, the Dollar Yen price may head towards the $152.83 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 152.43
- First resistance: 152.38
- Pivot level: 152.30
- First support: 152.25
- Second support: 152.17
