FX.co ★ remington.kihn | USD/JPY

Hello traders, in yen pairs, including USDJPY, there is an attempt from the sellers to start a decline. However, this alone is not enough; some confirmation is needed. If the sellers manage to establish themselves below 152.00, then the decline towards 151.50 can continue, but this is just the beginning. From 151.50, a reversal to the upside is quite possible. If a solid foothold below 151.50 is achieved, the decline can proceed towards more distant targets, namely 150.30 and 149.40. If this plan is executed, the likelihood of covering the price gap will increase, meaning a drop to 148.00-147.00. It would be good that after the closure of the price gap, one can expect more logical and justified movements. For now, the prices are moving upwards, but there is always a possibility that they might turn downwards at some point. If buyers defend themselves from the current levels or after a decline to 152.00-151.50, they could easily establish a new high. A close above 153.30 could lead to an increase towards 154.00 and 155.00. Important news is expected tomorrow; let's see how events unfold against this backdrop.