USDJPY Technical Analysis today is in an upward trend, with trading observed in a sideways trend during the Asian session. The price of the USDJPY is trading at 150.23, and trading appears above most of the moving average intersections. Also, the MACD indicator indicates a positive trend
Accordingly, we can look to buy from the rise to the price of 150.52, with the targeted target being the 150.96 area. It is also recommended to choose the 149.60 area as a stop-loss point to control risks.
USDJPY Technical Analysis: on the other hand
On the other hand, if the stop loss area at 149.60 is broken, the USDJPY price may head towards the 149.23 level.
USDJPY Technical Analysis: resistance and support levels
• Second resistance: 150.50
• First resistance: 150.35
• Pivot level: 150.29
• First support: 150.03
• Second support: 149.88