USDJPY Technical Analysis: today is in a downtrend. As the chart below shows. The USD/JPY price is trading at 153.33, 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 $153.10, and the target area could be $152.80. It is also advisable to choose the $153.68 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 $153.68 is broken, the USD/JPY price may head towards the $153.91 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 153.80
- First resistance: 153.65
- Pivot level: 153.53
- First support: 153.26
- Second support: 153.10
