USDJPY Technical Analysis today is in a weak uptrend. As the chart below shows. USD/JPY is trading at 153.49, and trading appears below most of the moving average crossovers, and the MACD indicator indicates a weak positive trend. Accordingly, we can look to buy from the rise to $153.80, and the target area could be $154.24. It is also advisable to choose the $152.93 area as a stop loss point to control the risk.
USDJPY Technical Analysis: On the other hand
On the other hand, if the selling zone at $152.93 is broken, the USD/JPY price may head towards the $152.62 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 153.73
- First resistance: 153.58
- Pivot level: 153.49
- First support: 153.33
- Second support: 153.25
