USDJPY Technical Analysis: today is in a downtrend. As the chart below shows. The Dollar Yen price is trading at 150.60, 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 $150.11, and the target area could be $149.56. It is also advisable to choose the $151.16 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 $151.16 is broken, the USD/JPY price may head towards the $151.58 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 150.92
- First resistance: 150.75
- Pivot level: 150.53
- First support: 150.36
- Second support: 150.16
