USDJPY Technical Analysis today is in a downtrend. As shown in the chart below. The USD/JPY is trading at 151.41, and trading appears below most of the moving average crossovers, as the MACD indicator indicates a negative trend. Accordingly, we can consider selling from the decline to $151.10, and the target could be the $150.70 area. It is also recommended to choose the $151.96 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 $151.96 is broken, the USD/JPY price may head towards the $152.28 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 151.54
- First resistance: 151.46
- Pivot level: 151.40
- First support: 151.32
- Second support: 151.26
