FX.co ★ remington.kihn | USD/JPY

Hello traders, The USD/JPY pair on the H1 timeframe is trading below the day's opening level of 158.48 and below the daily Pivot level of 158.48. The main indicators are showing a neutral signal, and the price is trading near the MA72 trend line, where volume unloading usually occurs. Above the level of 158.34, the price will move towards the level of 159.21 and potentially to 159.35. Below the level of 158.34, the pair's descent will continue towards the level of 157.90 and possibly to 157.28. USD/JPY is trading above the monthly Pivot level of 156.30 (previous 155.61), near the weekly Pivot level of 158.34, and below the daily Pivot level, indicating a corrective sentiment for the pair. The pivot level for this session is at 158.34. The first resistance is at 159.21, and the first support is at 157.28. News has shaken up the pair significantly.