Uniglobe Markets
February 11, 2025 at 12:23 PM
USD/JPY Technical Analysis Summary:
Downtrend: USD/JPY is currently in a downtrend, trading at 151.71, below key moving averages. The MACD indicator shows a negative trend.
Buy Opportunity: Potential buy near 151.71 with targets at 152.01 and 152.55. A stop loss is recommended at 151.12.
Bearish Scenario: If the price breaks the 151.12 support, it may drop toward 150.75.
Support & Resistance Levels:
Resistance: 151.74 (second), 151.67 (first)
Pivot: 151.62
Support: 151.55 (first), 151.50 (second)