FX.co ★ remington.kihn | USD/JPY

Hello traders, Buyers in the USD/JPY currency pair have risen to 155.70. If the price manages to stay above this level, then the upward movement can continue towards the next targets at 156.35 and 156.55. A close above 156.55 will open the way for bulls towards 157.00, and further consolidation above this level will allow for continued growth towards 158.00 and beyond. If sellers are able to push the USD/JPY price back below 155.70-155.50 and 155.35, then selling will become relevant again, with the bears targeting a decline to 154.85-154.70. If eventually sellers can break below 154.35, then a completely different sentiment may emerge, but this will be confirmed only in retrospect.