USDJPY Technical Analysis The pair concluded when the pound price was trading at $157.90, as prices are trading above most of the moving average intersections shown on the chart. The MACD indicator also indicates a positive trend, and accordingly, we can look to buy in the first session of this week, which is the Asian session, from the rise to $158.19, and the target area could be $158.66. It is also advisable to choose the $157.20 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 $157.20 is broken, the USD/JPY price may head towards the $156.81 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 158.09
- First resistance: 158.01
- Pivot level: 157.93
- First support: 157.85
- Second support: 157.77
