USDJPY Technical Analysis The pair concluded when the pound price was trading at 156.35 dollars, as the price trading appears below most of the moving average intersections shown on the chart. The MACD indicator also indicates a weak positive trend, and accordingly, we can look to buy in the first session of this week, which is the Asian session, from the rise to 156.70 dollars, and the target area could be 157.19 dollars. It is also advisable to choose the $155.68 area as a stop loss point to control the risk.
USDJPY Technical Analysis: On the other hand
On the other hand, if the selling area at $155.68 is broken, the USD/JPY price may head towards the $155.26 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 156.60
- First resistance: 156.48
- Pivot level: 156.24
- First support: 156.12
- Second support: 155.88
