FX.co ★ remington.kihn | USD/JPY

Hello traders,

Currently, the USDJPY pair has paused its growth, showing less active upward movement than before. However, this is actually a positive sign, as after a pause, the likelihood of a continuation of the upward trend is quite high. Therefore, I will strictly stick to my trading plan with buying positions without deviations. On the H4 chart, it is evident that the price is currently testing a diagonal line for strength, with attempts to break through it, which is not a very good sign for buyers. If Monday opens above the diagonal line, buying positions can be initiated immediately. The target for purchases is the level of 154.700 and 155.00, which is the preferred breakout zone. Even if the diagonal line is breached, as long as the price remains above 152.000, it indicates that the uptrend is still intact. Always assess the risk of a trade before making trading decisions.