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, as the MACD indicator indicates a negative trend. Accordingly, we can consider selling from the decline to $149.90, and the target area could be $149.65. It is also advisable to choose the $150.40 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 $150.40 is broken, the USD/JPY price may head towards the $150.60 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 150.31
- First resistance: 150.22
- Pivot level: 150.10
- First support: 150.01
- Second support: 149.89
