USDJPY Technical Analysis: today is in a weak uptrend. As the chart below shows. The USD/JPY price is trading at 151.25, and trading appears below most of the moving average crossovers, as the MACD indicator indicates a positive trend. Accordingly, we can look to buy from the rise to $151.43, and the target area could be $151.72. It is also advisable to choose the $150.87 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 $150.87 is broken, the USD/JPY price may head towards the $150.68 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 151.45
- First resistance: 151.35
- Pivot level: 151.16
- First support: 151.06
- Second support: 150.87
