USDJPY Technical Analysis today is in an uptrend. As the chart below shows. The USD/JPY price is trading at 157.54, and appears below and above most of the moving average crossovers, and the MACD indicator indicates a negative trend. Accordingly, we can look to sell from the decline to $157.32, and the target area could be $157.08. It is also advisable to choose the $157.85 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 $157.85 is broken, the USD/JPY price may head towards the $158.01 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 157.91
- First resistance: 157.71
- Pivot level: 157.59
- First support: 157.39
- Second support: 157.27
