FX.co ★ remington.kihn | USD/JPY

Currently, the level of 153.40 is acting as resistance for USD/JPY on the H4 timeframe, and the pair has just bounced off it. Additionally, we have resistance from the moving average at this level. Since it is above the quotes, it acts as resistance. This means there is a possibility for a downside move with support at the level of 151.86 as the target for this direction. It's hard to say what will happen next, everything depends on the actual situation. Of course, in order to continue the northern direction, the pair needs to break through both resistances and, of course, consolidate above them. In that case, there will be pressure to the north. Have a good day.