USDJPY Technical Analysis: today is in a downtrend. As the chart below shows. The USD/JPY price is trading at 149.34, and trading appears below most of the moving average crossovers, as the MACD indicator indicates a weak negative trend. Accordingly, we can look to sell from the decline to $148.99, and the target area could be $148.43. It is also advisable to choose the $149.94 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 $149.94 is broken, the USD/JPY price may head towards the $150.36 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 150.31
- First resistance: 149.78
- Pivot level: 149.43
- First support: 148.90
- Second support: 148.56
