USDJPY Technical Analysis today is in an uptrend. As the chart below shows. The USD/JPY price is trading at 154.12, 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 $154.36, and the target area could be $154.73. It is also advisable to choose the $153.59 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 $153.59 is broken, the USDJPY price may head towards the $153.29 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 154.40
- First resistance: 154.30
- Pivot level: 154.21
- First support: 154.02
- Second support: 153.91
