FX.co ★ USD/JPY

Hello traders, Throughout the week, the USD/JPY pair has been in favor of buyers, but on Friday, the quotes paused and formed a 123 pattern. Moreover, this pattern has already completed. Indicators at the bottom have turned around and are confidently signaling a decrease. The 50-period moving average is currently at the price level, not indicating the trend direction. The nearest resistance is at Friday's high of 155.62. The nearest support is around the level of 154.54, and in case of a breakthrough, the next level is at 153.61. In conclusion, based on the indicators, it can be said that the pair's quotes have reversed, and going forward, a price decrease towards the support at 154.54, or even lower, can be expected.