Currently, the pair quotes of USD/JPY are trading slightly below the resistance level of 159.90, but the moving average at this time is supporting the north direction, being slightly below the quotes and acting as a support. So, for the continuation of the north path, the pair needs to overcome this resistance level, not just overcome it, but also establish itself above this level, which will signal the continuation of the north path. In this case, the reference point will be the resistance at the level of 161.90, indicating the direction. And of course, it is clear that a rebound from the resistance and a decline in quotes below the moving average would indicate a move towards the south to the support at 158.50, where we will then assess the situation. Wishing everyone success.
