FX.co ★ USD/JPY

The USD/JPY pair is currently in a stalemate, where it can no longer rise, but there are no conditions for a decline either. An important condition for a move south will be the fact of a four-hour candle closing below the support level of 162.18, but so far they are unable to produce such a close. Accordingly, as long as the USD/JPY pair is above the 162.18 level and especially above the 162.24 level, the priority remains with the continuation of the price rise. It’s just that there is absolutely no desire to buy USD/JPY at the peak of the market. Therefore, as a trading option, the only option left is to wait for the moment when we get a four-hour candle close below the 162.18 level.