Uniglobe Markets
February 17, 2025 at 12:54 PM
USD/JPY Technical Analysis: Downtrend
USD/JPY closed at 152.32, trading below key moving averages, with the MACD showing a negative trend. A potential sell opportunity is seen if the price declines to $152.10, with a target around $151.82. Set a stop loss at $152.61.
Alternative Scenario
If the price breaks above $152.61, USD/JPY could move towards $152.83.
Resistance and Support Levels
Second Resistance: 152.43
First Resistance: 152.38
Pivot Level: 152.30
First Support: 152.25
Second Support: 152.17