USDJPY Technical Analysis: Weak Rise

USDJPY Technical Analysis today is in a weak uptrend. As the chart below shows. The USD/JPY price is trading at 151.75, 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 $151.97, and the target could be the $152.30 area. It is also advisable to choose the $151.33 area as a stop loss point to control the risk.

USDJPY Technical Analysis: On the other hand

On the other hand, if the sell zone at $151.33 is broken, the USD/JPY price may head towards the $151.12 level.

USDJPY Technical Analysis

USDJPY Technical Analysis: Resistance and support levels

  • Second resistance: 151.99
  • First resistance: 151.84
  • Pivot level: 151.75
  • First support: 151.60
  • Second support: 151.51
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