USDJPY Technical Analysis today is in an uptrend. As the chart below shows. The price of Dollar Yen is trading at 154.52, and trading appears above most of the moving average intersections, and the MACD indicator indicates a positive trend. Accordingly, we can look to buy from the rise to $154.82, and the target area may be $155.14. It is also advisable to choose the $154.11 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 $154.11 is broken, the USD/JPY price may head towards the $153.88 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 154.84
- First resistance: 154.76
- Pivot level: 154.61
- First support: 154.38
- Second support: 154.30
