The USD/JPY pair on the H1 timeframe is trading below the day's opening level of 157.66 and below the daily Pivot level of 157.60. Key indicators show a bearish trend, with the price trading below the MA72 trend line, where volume unloading usually occurs. Above the level of 156.35, the price will move towards 156.80 and potentially to 157.10 and higher. Below the level of 156.35, the pair will continue its descent towards 155.90 and possibly to 155.00 and below. USD/JPY is trading below the monthly Pivot level of 157.60 (previous 158.40), below the weekly Pivot level of 157.75, and below the daily Pivot level, indicating a bearish sentiment for the pair. The current session's fork level is at 156.35. The first resistance level is at 156.80, and the first support level is at 155.90. Hello traders!
