Hello traders, The USD/JPY pair on the H1 timeframe is trading above the day's opening level of 155.50 and above the daily Pivot level of 155.54. Key indicators are showing a bearish trend, and the price is trading below the MA72 trend line, where volume unloading usually occurs. Above the 155.80 level, the price will move towards the 156.12 level and potentially to the 156.50 level. Below the 155.80 level, the pair's descent will continue towards the 155.54 level and possibly to the 155.28 level. USD/JPY is trading above the monthly Pivot level of 155.61 (previous 151.65), above the weekly Pivot level of 155.28, and above the daily Pivot level, indicating a bullish sentiment for the pair. The critical level for this session is 155.80. The first resistance level is at 156.12, and the first support level is at 155.50.
