USDJPY Technical Analysis today is in an uptrend. As the chart below shows. The USD/JPY price is trading at 155.40, and trading appears above most of the moving average crossovers, as the MACD indicator indicates a positive trend. Accordingly, we can look to buy from the rise to $155.72, and the target area could be $156.14. It is also advisable to choose the $154.75 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 $154.75 is broken, the USD/JPY price may head towards the $154.42 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 155.57
- First resistance: 155.50
- Pivot level: 155.36
- First support: 155.29
- Second support: 155.15
