USDJPY Technical Analysis today is in an upward trend, as shown in the chart below. The USD/JPY price is trading at 149.87, and trading appears below most of the moving average crossovers. The MACD indicator also indicates a positive trend. Accordingly, we can consider buying from the upside to $150.10, with a potential target of $150.42. It is also recommended to choose the $149.50 area as a stop-loss point to control risk.
USDJPY Technical Analysis: On the Other Hand
On the other hand, if the $149.50 sell zone is broken, the USD/JPY price may head towards $149.27.
USDJPY Technical Analysis: Resistance and Support Levels
- Second Resistance: 150.11
- First Resistance: 149.96
- Pivot Level: 149.87
- First Support: 149.72
- Second Support: 149.63
