USDJPY Technical Analysis today is in an uptrend. As the chart below shows. The USD/JPY price is trading at 157.86, and trading appears above most of the moving average intersections, as the MACD indicator indicates a positive trend. Accordingly, we can look to buy from the rise to $158.03, and the target area could be $158.25. It is also advisable to choose the $157.56 area as a stop loss point to control the risk.
USDJPY Technical Analysis: On the other hand
On the other hand, if the selling zone at $157.56 is broken, the USD/JPY price may head towards the $157.42 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 158.36
- First resistance: 158.17
- Pivot level: 157.96
- First support: 157.77
- Second support: 157.56
