USDJPY Technical Analysis today is in a downtrend. As the chart below shows. The USD/JPY price is trading at 156.22, 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 $155.95, and the target area could be $155.59. It is also advisable to choose the $156.60 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 $156.60 is broken, the USD/JPY price may head towards the $156.87 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 156.78
- First resistance: 156.50
- Pivot level: 156.31
- First support: 156.09
- Second support: 155.90
