USDJPY Technical Analysis today is in a downtrend. As shown in the chart below. The USD/JPY is trading at 149.59, 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 $149.26, and the target could be the $148.82 area. It is also recommended to choose the $150.14 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 $150.14 is broken, the USD/JPY price may head towards the $150.47 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 150.00
- First resistance: 149.75
- Pivot level: 149.61
- First support: 149.36
- Second support: 149.22
