FX.co ★ USD/JPY

Hello traders, I welcome all residents and guests of the thread discussing the situation on the USDJPY currency pair! Let's together analyze the current picture on the 15-minute timeframe, using moving averages with different periods, as well as the Parabolic SAR and the MACD indicator. At the moment, I anticipate a possible development of a bullish trend, especially if the price reaches the level of 156.752. I believe that this support level will be an excellent opportunity to place a limit order to open a long position. In case of an unfavorable turn of events, a stop-loss set at 156.692 will help minimize losses. However, with hopes for a successful trade, I plan to take profit at the resistance level of 157.342. This is my current perspective for buyers. Wishing everyone profitable trades!