USDJPY Technical Analysis: Weekly Chart

In the weekly charts, USDJPY is trading in an up channel. USDJPY is currently trading above all SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 135.00 the resistance level is at 145.00

USDJPY will trade in an up channel until there is a trend reversal.

USDJPY Technical Analysis: Daily Chart

In the daily charts, USDJPY is trading in an up channel. USDJPY is currently trading above all SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 135.00 the resistance level is at 145.00

USDJPY will trade in an up channel until there is a trend reversal. 

How to Trade USDJPY this Week:

USDJPY will follow the uptrend until its trend reversal. So, remain bullish on USDJPY.

TRADE SUGGESTION- BUY AT 139.70, TAKE PROFIT AT 144.00, AND STOP LOSS AT 135.00.