USDJPY Technical Analysis: The pair closed with the GBP/JPY price trading at 148.60, with prices trading above most of the moving average crosses shown on the chart. The MACD indicator also indicates a positive trend. Accordingly, we may consider buying in the first session of this week, the Asian session, from a rise to $148.79, with a target area of $149.17. It is also recommended to choose the $148.16 area as a stop-loss point to control risk.
USDJPY Technical Analysis: On the other hand,
if the sell zone at $148.16 is broken, the USD/JPY price may head towards $147.93.
USDJPY Technical Analysis: Resistance and Support Levels
- Second Resistance: 148.76
- First Resistance: 148.70
- Pivot Level: 148.60
- First Support: 148.54
- Second Support: 148.44
