FX.co ★ USD/JPY

The USD/JPY pair on the H1 timeframe is trading near the day's opening level of 160.52 and above the daily Pivot level of 160.43. The main indicators show a bullish trend and the price is trading above the MA72 trend line, where volume unloading usually occurs. Above the level of 160.52, the price will move towards the level of 160.59 and potentially to 160.70 and higher. Below the level of 160.52, the pair will continue its descent towards the level of 160.42 and potentially to 160.30 and lower. USD/JPY is trading above the monthly Pivot level of 157.96 (previous 157.60), above the weekly Pivot level of 159.95, and above the daily Pivot level, indicating a bullish sentiment for the pair. At the current moment of this session, the day's opening level is 160.52. The first resistance is at 160.59 and the first support is at 160.42.