FX.co ★ remington.kihn | USD/JPY

The USD/JPY pair is trading above the day's opening level of 153.30 and above the daily Pivot level of 153.10. The main indicators show a bullish trend and the price is above the MA72 trend line, where volume distribution usually occurs. If the price moves above the level of 154.40, I expect the pair to rise to resistance levels of 154.50 and possibly 154.60. If the price drops below the level of 154.30, this will lead to a decline in the pair towards the level of 153.90 and possibly 153.30. USD/JPY is trading above the monthly Pivot level of 149.90, above the weekly Pivot level of 152.73, and above the daily Pivot level of 153.10, indicating a bullish sentiment for the pair. Above the daily Pivot level of 153.10, the pair is heading north; below the level of 153.10, the pair will correct. The path to the north is open, and we can only expect a correction to the south towards the level of 151.93.