USDJPY Technical Analysis today is in a weak uptrend. As the chart below shows. The USD/JPY price is trading at 157.27, 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 $157.57, and the target area could be $158.07. It is also advisable to choose the $156.54 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 $156.54 is broken, the USD/JPY price may head towards the $156.16 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 157.50
- First resistance: 157.41
- Pivot level: 157.34
- First support: 157.25
- Second support: 157.18
