USDJPY Technical Analysis: today is in a weak uptrend. As the chart below shows. The USD/JPY price is trading at 150.11, 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 $149.82, and the target could be the $149.33 area. It is also advisable to choose the $150.69 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 $150.69 is broken, the USD/JPY price may head towards the $151.00 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 150.63
- First resistance: 150.44
- Pivot level: 150.31
- First support: 149.99
- Second support: 149.81
