FX.co ★ USD/JPY

Pair USD/JPY on the H1 timeframe is trading below the day's opening level of 159.21 and below the daily Pivot level of 159.51. The main indicators show a northward movement, and the price is trading above the MA72 trend line, where volume unloading usually occurs. Above the level of 159.05, the price will move towards the level of 159.21 and potentially to 159.41 and higher. Below the level of 159.05, the pair's descent will continue towards the level of 158.94 and possibly to 158.60 and lower. USD/JPY is trading above the monthly Pivot level of 158.40 (previous 155.33), near the weekly Pivot level of 159.05, and below the daily Pivot level, indicating a corrective sentiment for the pair. The current session's fork is at the weekly Pivot level of 159.05. The first resistance is at the level of 159.41, and the first support is at 158.94.