FX.co ★ remington.kihn | USD/JPY

At the moment, the pair quotes are trading at the support level of 158.50, with the moving average currently acting as resistance above the quotes. It is quite possible that they may bounce towards the north to the moving average and then forcefully attempt to break through the support. If they manage to overcome it and establish below, they may continue in a southern direction. Presumably, they could be pulled towards the support level at 157.165. Of course, we understand that if the moving average does not resist, it will be a move towards the resistance at 159.90, and then we will see. Wishing everyone good luck.