USDJPY Technical Analysis today is in a weak upward trend. As the chart below shows. The dollar yen price is trading at 153.22, and trading appears below most of the moving average intersections, and the MACD indicator indicates a weak positive trend. Accordingly, we can look to buy from the rise to $153.50, and the target area may be $153.88. It is also advisable to choose the $152.56 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 $152.56 is broken, the USD/JPY price may head towards the $152.26 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 153.36
- First resistance: 153.29
- Pivot level: 153.19
- First support: 153.12
- Second support: 153.02
