USDJPY Technical Analysis: today is in a downtrend. As the chart below shows. USD/JPY is trading at 149.42, and trading appears below most of the moving average crossovers, as the MACD indicator indicates a weak negative trend. Accordingly, we can look to sell from the decline to $149.03, and the target could be the $148.44 area. It is also advisable to choose the $150.07 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 $150.07 is broken, the USD/JPY price may head towards the $150.48 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 149.82
- First resistance: 149.67
- Pivot level: 149.39
- First support: 149.24
- Second support: 148.96
