FX.co ★ remington.kihn | USD/JPY

The USDJPY pair is preparing for a pullback downwards, as are other yen pairs in general, and the dollar is also currently retracing. Perhaps it's for the best, as there is a chance to enter long positions at lower levels. Gradually, the sentiment in the USDJPY pair is shifting to the north, and if this trend continues, there is a chance to rise towards 144.00-144.20 soon. Ideally, of course, there would be a retracement to 142.20-142.00 before that, or at most to 141.50. If prices drop below these levels, then new long positions should be postponed, as sellers may push the USDJPY price towards 140.00, or even lower. Well, at the moment, the prerequisites for growth are still in place. If they manage to drop closer to 142.20, it will be possible to consider buying here, of course, if there is a rebound and a move upwards. The first target for the bulls is the level of 143.50, and the next one is 144.00-144.20. If they successfully establish themselves above 144.20, then it will be possible to start thinking about more serious targets, for example, 148.00-148.50.