USDJPY Technical Analysis today is in a weak uptrend, as shown in the chart below. The USD/JPY price is trading at 149.37, with trading below most of the moving average crossovers. The MACD indicator also indicates a weak positive trend. Accordingly, we can consider buying from the upside to $149.53, with a potential target of $149.83. It is also recommended to choose the $148.90 area as a stop-loss point to control risk.
USDJPY Technical Analysis: On the Other Hand
On the other hand, if the $148.90 sell zone is broken, the USD/JPY price may head towards $148.67.
USDJPY Technical Analysis: Resistance and Support Levels
- Second Resistance: 149.54
- First Resistance: 149.47
- Pivot Level: 149.33
- First Support: 149.26
- Second Support: 149.12
