FX.co ★ remington.kihn | USD/JPY

Hello! Let's conduct a brief overview of the current state of the USDJPY currency pair on the fifteen-minute timeframe. Based primarily on moving averages data, I assume that it is currently most advantageous to consider buying options. However, buying interest may be more appropriate at levels of 160.260 and 160.200. The decision could be to either place limit orders now or wait and open a long position manually. If the buyer surpasses the resistance level of 160.790, that would be the final moment to conclude the trade. To secure the prospective purchase, I will set a stop-loss at the level of 160.140. During trading, I will carefully monitor the construction of the MACD indicator histogram. Good luck with your trades!