FX.co ★ remington.kihn | USD/JPY

In the USD/JPY currency pair, an uptrend is currently observed on the H1 timeframe, confirmed by the price holding above the 133-period moving average. On the lower timeframe, the price closed below the 133-period moving average, indicating a correction within the main movement. A price consolidation above the level of 147.80 is expected, after which long positions can be considered with a target at 148.48 and a stop-loss at 147.38. If the price consolidates below the level of 147.38, an alternative scenario for selling will be considered. Currently, buying within the H1 timeframe trend is the priority.