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 158.90 and below the daily Pivot level of 159.04. Key indicators are showing a bearish trend, and the price is trading below the MA72 trend line, where volume unloading usually occurs. Above the 158.90 level, the price will move towards 159.13 and potentially up to 159.48 and beyond. Below the 158.90 level, the pair's descent will continue towards 158.65 and possibly down to 158.30 and lower. USD/JPY is trading above the monthly Pivot level of 155.33 (previous 155.42), below the weekly Pivot level of 158.90, and below the daily Pivot level, indicating a corrective sentiment for the pair. The current session's pivot level is at 158.90. The first resistance is at 158.90, and the first support is at 158.60.