USDJPY Technical Analysis :today is in an uptrend. As the chart below shows. The USD/JPY price is trading at 155.21, 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 $155.44, and the target area could be $155.72. It is also advisable to choose the $154.80 area as a stop loss point to control the risk.
USDJPY Technical Analysis: On the other hand
On the other hand, if the selling zone at $154.80 is broken, the USD/JPY price may head towards the $154.57 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 155.56
- First resistance: 155.39
- Pivot level: 155.29
- First support: 155.12
- Second support: 155.02
