USDJPY Technical Analysis :today is in a downtrend. As the chart below shows. The USD/JPY price is trading at 154.71, and trading appears below most of the moving average crossovers, as the MACD indicator indicates a negative trend. Accordingly, we can look to sell from the decline to $154.46, and the target area could be $154.12. It is also advisable to choose the $155.11 area as a stop loss point to control the risk.
USDJPY Technical Analysis: On the other hand
On the other hand, if the selling zone at $155.11 is broken, the USD/JPY price may head towards the $155.34 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 154.95
- First resistance: 154.82
- Pivot level: 154.73
- First support: 154.60
- Second support: 154.51
