USDJPY Technical Analysis: today is in a weak uptrend. As the chart below shows. USD/JPY is trading at 156.99, 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 $157.28, and the target could be the $157.90 area. It is also advisable to choose the $156.41 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 $156.41 is broken, the USD/JPY price may head towards the $156.02 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 157.30
- First resistance: 157.17
- Pivot level: 157.10
- First support: 156.97
- Second support: 156.90
