USDJPY Analysis today is in a downtrend. As shown in the chart below. The USD/JPY is trading at 151.69, 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 $151.43, and the target could be the $151.11 area. It is also recommended to choose the $152.01 area as a stop loss point to control the risks.
USDJPY Technical Analysis: On the other hand
On the other hand, if the buy zone at $152.01 is broken, the USDJPY price may head towards the $152.22 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 151.93
- First resistance: 151.79
- Pivot level: 151.66
- First support: 151.52
- Second support: 151.39
