Technical analysis of USD/JPY today is in an uptrend. As the chart below shows. The USD/JPY price is trading at 155.95, 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 $155.72, and the target area could be $156.27. It is also advisable to choose the $155.44 area as a stop loss point to control the risk.
USDJPY Technical Analysis: On the other hand
On the other hand, if the sell zone at $155.44 is broken, the USD/JPY price may head towards the $155.24 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 156.23
- First resistance: 156.08
- Pivot level: 155.98
- First support: 155.83
- Second support: 155.73
