USDJPY Technical Analysis: today is in an uptrend. As the chart below shows. The USD/JPY price is trading at 158.00, 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 $158.30, and the target area could be $158.86. It is also advisable to choose the $157.25 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 $157.25 is broken, the USD/JPY price may head towards the $156.84 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 158.14
- First resistance: 158.09
- Pivot level: 158.04
- First support: 157.98
- Second support: 157.94
