USDJPY Technical Analysis today is in a downtrend. As the chart below shows. The USD/JPY price is trading at 147.20, and trading appears below most of the moving average crossovers, as the MACD indicator indicates a negative trend. Accordingly, we can look to sell from the decline to $146.86, and the target area could be $146.38. It is also advisable to choose the $147.71 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 $147.71 is broken, the USD/JPY price may head towards the $148.04 level.
USDJPY Technical Analysis: Resistance and support levels
- Second resistance: 147.62
- First resistance: 147.39
- Pivot level: 147.07
- First support: 146.84
- Second support: 146.52
