FX.co ★ USD/JPY

Hello traders, I'm not sure how much we can trust today's signals on the USD/JPY pair due to the thin market. However, technically, we managed to push the price of the USD/JPY pair into the buying zone of Envelopes on the hourly and four-hour timeframes above the support zone limited by the levels of 155.89 - 156.10. Currently, we are trading at a price of 156.36. Therefore, as long as there is no return below the level of 155.89 by the closing of a four-hour candle, we should expect the continuation of the rise from the current level of 156.15 towards the north to the resistance at 157.45 - 157.63. However, in early January, there will be a return back to 156.00 anyway, no matter where the price is pushed today, as it happens every year. Consequently, today I am not in the market on the USD/JPY pair and will trade the future return to 156.00 and possibly from 157.45.