USDJPY Technical Analysis today is in an uptrend. As the chart below shows. The USD/JPY price is trading at 156.58, 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 decline to $156.29, and the target area could be $156.97. It is also recommended to choose the $155.94 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 $155.94 is broken, the USD/JPY price may head towards the $155.67 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 156.78
- First resistance: 156.70
- Pivot level: 156.63
- First support: 156.55
- Second support: 156.48
