USDJPY Technical Analysis :today is in a downtrend. As the chart below shows. The USD/JPY price is trading at 154.53, 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 $154.32, and the target could be the $154.01 area. It is also advisable to choose the $154.85 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 $154.85 is broken, the USD/JPY price may head towards the $155.06 level.
USDJPY Technical Analysis: resistance and support levels
- Second resistance: 154.91
- First resistance: 154.79
- Pivot level: 154.55
- First support: 154.43
- Second support: 154.19
