USDJPY Technical Analysis today is in a downtrend. As shown in the chart below. The USD/JPY is trading at 148.96, 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 $148.62, and the target could be the $148.25 area. It is also recommended to choose the $149.44 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 $149.44 is broken, the USD/JPY price may head towards the $149.73 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 149.55
- First resistance: 149.31
- Pivot level: 148.94
- First support: 148.70
- Second support: 148.33
