USDJPY Technical Analysis today is in a downtrend. As shown in the chart below. The USD/JPY is trading at 149.56, 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 $149.24, and the target could be the $148.82 area. It is also recommended to choose the $150.01 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 $150.01 is broken, the USD/JPY price may head towards the $150.32 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 149.80
- First resistance: 149.67
- Pivot level: 149.55
- First support: 149.43
- Second support: 149.31
