FX.co ★ remington.kihn | USD/JPY

USD/JPY Н4 Currently, quotes are below the resistance level of 160.44 and the moving average is below the quotes, providing support. There is a possibility that the resistance will be broken. In this case, if the quotes manage to hold above this level, the northward movement will continue with a target at the resistance level of 161.80. It may not happen immediately, but as a future target, it is quite realistic. And of course, we understand that the pair is currently at resistance, and it is normal to move south from resistance, at least with the aim of a pullback. Wishing everyone profits.