USDJPY Technical Analysis today is in an uptrend. As the chart below shows. The USD/JPY price is trading at 153.79, and trading appears above most of the moving average crossovers, and the MACD indicator indicates a positive trend. Accordingly, we can look to buy from the rise to $153.96, and the target area could be $154.22. It is also advisable to choose the $153.48 area as a stop loss point to control the risk.
USDJPY Technical Analysis: On the other hand
On the other hand, if the sell zone at $153.48 is broken, the USD/JPY price may head towards the $153.28 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 154.01
- First resistance: 153.94
- Pivot level: 153.87
- First support: 153.73
- Second support: 153.65
