USDJPY Technical Analysis: today is in a downtrend. As the chart below shows. The USD/JPY price is trading at 156.63, and trading appears below most of the moving average intersections, as the MACD indicator indicates a negative trend. Accordingly, we can look to sell from the decline to $156.34, and the target area could be $155.92. It is also advisable to choose the $157.02 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 $157.02 is broken, the USD/JPY price may head towards the $157.24 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 156.99
- First resistance: 156.79
- Pivot level: 156.54
- First support: 156.34
- Second support: 156.09
