FX.co ★ USD/JPY

Hello traders, Currently, the USD/JPY currency pair continues to move within an ascending channel, indicating that buyers are still in control. However, a slight pullback is observed at the moment. Following an attempt to hold above the 156.15 level, I expect the price to range between 156.30 and 155.50 in the near future. Currently, the closest resistance level is at 156.20. If the price manages to break above this level, it could be one of the first signals that the upward movement is likely to continue towards around 157, although a retracement may also occur. It is important to note that the price is currently below this point, making a bullish movement the priority.