USDJPY Technical Analysis today is in a weak upward trend. As the chart below shows. The USD/JPY price is trading at 152.96, and trading appears below most of the moving average crossovers, as the MACD indicator indicates a weak positive trend. Accordingly, we can consider selling from the decline to $152.55, and the target area could be $151.96. It is also advisable to choose the $153.57 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 $153.57 is broken, the USD/JPY price may head towards the $153.93 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 153.54
- First resistance: 153.31
- Pivot level: 152.90
- First support: 152.67
• Second support: 152.26
