USDJPY Technical Analysis: today is in a weak uptrend. As the chart below shows. The USD/JPY price is trading at 150.03, and trading appears below most of the moving average crossovers, and the MACD indicator indicates a weak positive trend. Accordingly, we can look to sell from the decline to $149.70, and the target could be the $149.22 area. It is also advisable to choose the $150.57 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 $150.57 is broken, the USD/JPY price may head towards the $150.91 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 150.62
- First resistance: 150.41
- Pivot level: 150.23
- First support: 150.01
- Second support: 149.84
