FX.co ★ USD/JPY

When it comes to the USD/JPY currency pair, the current situation is as follows. There is an imbalance of buyers in the order book. Overall, I believe that this currency pair has good potential for a downward movement. This is confirmed by the accumulation of buyers at the level of 144.10. As a trading idea, I am considering selling this currency pair from the level of 144.10, with the initial profit target at 143.50. A stop-loss can be set above the level of 144.50. If the price consolidates above 144.50, alternative scenarios will be considered.