USDJPY Technical Analysis: The pair concluded when the yen price was trading at 154.83 dollars, as prices appear to be trading above most of the moving average intersections shown on the chart. The MACD indicator also indicates a weak negative trend, and accordingly, we can look to sell in the first session of this week, which is the Asian session, from the decline to 154.63 dollars, and the target area could be 154.36 dollars. It is also advisable to choose the $155.16 area as a stop loss point to control the risk.
USDJPY Technical Analysis: On the other hand
On the other hand, if the buy zone at $155.16 is broken, the USD/JPY price may head towards the $155.37 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 154.95
- First resistance: 154.89
- Pivot level: 154.82
- First support: 154.76
- Second support: 154.69
