FX.co ★ USD/JPY

Hello traders. Assessing the results of Friday's trading session for the USD/JPY currency pair, I note that the pair continues to remain in a bullish correction phase. However, even after reaching the level of 155.50, the quotes are still far from today's high of the pair, marked by the "Zigzag" indicator just above the 156.00 level. Therefore, there is still room for growth within the descending four-hour trend, but I doubt that the USD/JPY pair will go above the mid-155 level. So, if not from current positions, then from there, the USD/JPY price is likely to start falling again, now aiming to break below the current pair's minimum of 154.40 along with the lower boundary of the trend indicator 2EMA, to confirm further development of the medium-term downtrend in this currency pair.