USDJPY Technical Analysis today is in a downtrend. As the chart below shows. The USD/JPY price is trading at 151.60, 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 $151.26, and the target area could be $150.88. It is also advisable to choose the $152.16 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 $152.16 is broken, the USD/JPY price may head towards the $152.49 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 151.79
- First resistance: 151.65
- Pivot level: 151.53
- First support: 151.39
- Second support: 151.27
