FX.co ★ remington.kihn | USD/JPY

Hello traders, In a global perspective, the currency pair USD/JPY is trading within the range of yesterday's trading day. Currently, the currency is trading at local levels - 147.49, with a reversal and decision-making level at support - 147.52. For the continuation of the bullish trend, a break above the maximum of 147.23 is needed, which will open a trading channel towards the next highs at 148.73. The entry point for buying continuation will be relevant after a consolidation above the broken range at 147.56. I will set the stop loss to protect the broken level. The entry for selling will occur once the currency retraces towards the support at 145.41, with price confirmation below the current support range.