FX.co ★ USD/JPY

Hello traders, The USD/JPY pair on the H1 timeframe is trading below the day's opening level of 157.25 and below the daily Pivot level of 156.95. Key indicators show a bearish trend, and the price is trading below the 72-period moving average trend line, where volume unloading usually occurs. Above the level of 156.10, the price will move towards 156.36 and potentially up to 156.60. Below the level of 156.10, the pair's descent will continue towards 155.90 and possibly down to 155.51. USD/JPY is trading above the monthly Pivot level of 155.42 (previous 156.30), below the weekly Pivot level of 156.36, and below the daily Pivot level, indicating a corrective sentiment for the pair. The fork on this session is at the level of 156.10. The first resistance is at 156.36, and the first support is at 155.51.