USDJPY Technical Analysis The pair concluded when the yen price was trading at a price of 147.94 dollars, as prices appear to be trading below most of the moving average intersections shown on the chart. The MACD indicator also indicates a weak negative trend, and accordingly.
we can consider selling in the first session of this week, which is the Asian session, from a decline to a price of $147.69, and the target area could be $147.34. It is also recommended to choose the $148.40 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 $148.40 is broken, the Dollar Yen price may head towards the $148.66 level.
USDJPY Technical Analysis: Resistance and Support Levels
- Second Resistance: 148.22
- First Resistance: 148.09
- Pivot Level: 147.99
- First Support: 147.86
- Second Support: 147.76
