FX.co ★ remington.kihn | USD/JPY

Hello traders, Yesterday, buyer activity on the USD/JPY pair was quite high, and as a result of the subsequent rise, we were able to not only reach the resistance level around 156.18 but also break through it. Moreover, the volumes during the rise and breakout of this level were consistently high and increasing steadily, indicating an accumulation of positions by large buyers. This, in turn, opens up good prospects for further strengthening of the dollar. Overall, I still prioritize buying, so I will be looking for a rebound from the previously broken support level at 156.18 on the USD/JPY pair next week and a resumption of growth towards the nearest resistance level at 157.00.