Currently, the level at 156.80 has become resistance for the USD/JPY pair, leading to a pullback from that point. Below, there is support at 155.70, with the moving average still acting as support and pointing north. This could serve as a starting point towards resistance, where the level is likely to be breached, indicating a continuation in that direction. As for a potential break below support, in this case, if the price consolidates below the support level, it may head south towards the level at 154.50. Personally, I lean towards a continuation to the north. Wishing everyone a great day.
