Technical analysis of the dollar yen The pair concluded when the pound price was trading at 149.13 dollars, as prices appear to be trading above most of the moving average intersections shown on the chart. The MACD indicator also indicates a positive trend, and accordingly, we can consider buying in the first session of this week, which is the Asian session, from the rise to 149.45 dollars, and the target area could be 150.01 dollars. It is also advisable to choose the $148.22 area as a stop loss point to control the risk.
USDJPY Technical Analysis: On the other hand
On the other hand, if the selling area at $148.22 is broken, the USD/JPY price may head towards the $147.75 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 149.20
- First resistance: 149.17
- Pivot level: 149.13
- First support: 149.06
- Second support: 149.04
