USDJPY Technical Analysis today is in a weak uptrend. As the chart below shows. USD/JPY is trading at 157.53, 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 $158.00, and the target area could be $158.68. It is also recommended to choose the $156.77 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 $156.77 is broken, the USD/JPY price may head towards the $156.35 level.
USDJPY Technical Analysis: resistance and support levels
- Second resistance: 157.83
- First resistance: 157.71
- Pivot level: 157.60
- First support: 157.47
- Second support: 157.36
