USDJPY Technical Analysis today is in an uptrend. As the chart below shows. The USD/JPY price is trading at 153.25, and trading appears below most of the moving average crossovers, as the MACD indicator indicates a weak positive trend. Accordingly, we can look to buy from the rise to $153.52, and the target could be the $154.03 area. It is also advisable to choose the $152.58 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 $152.58 is broken, the USD/JPY price may head towards the $152.24 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 153.38
- First resistance: 153.33
- Pivot level: 153.23
- First support: 153.17
- Second support: 153.08
