USDJPY Technical Analysis today is in a downtrend. As shown in the chart below. The USD/JPY is trading at 149.32, 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 $149.13, and the target could be the $148.85 area. It is also recommended to choose the $149.63 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 $149.63 is broken, the USD/JPY price may head towards the $149.89 level.
USDJPY Technical Analysis: resistance and support levels
- Second resistance: 149.78
- First resistance: 149.59
- Pivot level: 149.29
- First support: 149.10
- Second support: 148.80
