USDJPY Technical Analysis today is in an uptrend. As the chart below shows. The USD/JPY price is trading at 154.75 and trading appears above most of the moving average intersections, and the MACD indicator indicates a positive trend. Accordingly, we can look to buy from the rise to $155.13, and the target area could be $155.68. It is also advisable to choose the $154.05 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 $154.05 is broken, the USD/JPY price may head towards the $15.64 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 155.10
- First resistance: 154.90
- Pivot level: 154.76
- First support: 154.60
- Second support: 154.46
