FX.co ★ USD/JPY

Hello traders, For the USDJPY currency pair, buying from the support levels at 155.10 and 154.80 could be considered, as the moving average on the H1 is below the price. The target could be set at the resistance of 155.40, with a stop loss at 154.60. The Parabolic indicator also indicates buying. Now it is necessary to look at the lower timeframe for confirmation.

The M15 period also confirms a buy, which can be considered from the level of 155.10 with a short stop loss at 154.90, and the target can be considered at 155.40. Both timeframes confirm buying the instrument.