FX.co ★ remington.kihn | USD/JPY

The pair quotes of USD/JPY have hit resistance at the level of 153.00, with the moving average below the quotes providing support. It is quite possible that they may break through the resistance, and if they manage to hold above it, then it is clear that the northern direction will continue. The target for the north is currently considered to be the resistance level at 154.85. As for what will happen next, we will see based on the actual achievement of the target. Regarding the southern scenario, for a good and promising southern direction, it is necessary to move below the moving average and overcome the support level at 151.40 with confirmation. In this case, there will be a possibility to move towards the support at 149.40.