USDJPY Technical Analysis today is in an uptrend. As the chart below shows. The USD/JPY price is trading at 152.38, 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 $152.60, and the target area could be $152.91. It is also advisable to choose the $151.89 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 $151.89 is broken, the USD/JPY price may head towards the $151.67 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 152.70
- First resistance: 152.52
- Pivot level: 152.38
- First support: 152.19
- Second support: 152.06
