Hello traders, Currently, the USD/JPY currency pair continues to move within a descending channel, indicating that sellers are in control. Following an attempt to hold above the 155.45 level, I expect the price to range between 155.10 and 154.80 in the near future. At the moment, the 155.10 level serves as the closest support, and if the price manages to break below this level, it could signal a potential move towards 154.80, although a pullback is also possible. It is important to note that the price is currently above this point, with a bearish bias being the priority movement.
