USDJPY Technical Analysis: Uptrend

USDJPY Technical Analysis today is in an uptrend. As the chart below shows. The dollar yen price is trading at 151.03, 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 $151.19, and the target area may be $151.46. It is also advisable to choose the $150.67 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 $150.67 is broken, the USD/JPY price may head towards the $150.48 level.

USDJPY Technical Analysis

USDJPY Technical Analysis: resistance and support levels

  • Second resistance: 151.26
  • First resistance: 151.17
  • Pivot level: 151.11
  • First support: 150.96
  • Second support: 150.86
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