FX.co ★ remington.kihn | USD/JPY

Hello traders, We entered the resistance zone on the USDJPY pair before the Friday trading session closed at 159.17 - 159.69, with the closing price at 159.72. Now, based on technical analysis, we can expect the price of the USDJPY pair to fall from this resistance zone towards the support level at 156.52. It's worth noting that a lot will depend on the market opening tonight. If we open below the 159.69 level, and even better, if we establish below the 159.17 level, then it will be possible to confidently sell with stop-loss orders above the 159.69 resistance. In any case, I am inclined to anticipate a significant price drop on the USDJPY pair in the upcoming week.