FX.co ★ USD/JPY

Hello traders, The USD/JPY pair on the H1 timeframe is trading above the day's opening level of 158.15 and above the daily Pivot level of 158.05. Key indicators show a bullish trend, with the price trading above the 72-period moving average trend line, where volume typically unloads. Above the 158.34 level, the price will move towards 158.52 and potentially up to 158.80. Below the 158.34 level, the pair will continue its descent towards 158.15 and possibly down to 158.05. USD/JPY is trading above the monthly Pivot level of 156.30 (previous 155.61), above the weekly Pivot level of 158.34, and above the daily Pivot level, indicating a bullish sentiment for the pair. The key level on this session is the weekly Pivot level of 158.34. The first resistance is at 158.52, and the first support is at 158.15.