FX.co ★ remington.kihn | USD/JPY

The situation with the USDJPY pair remains complex for me. Yesterday, there was a decent growth and even an attempt to break above 143.50, but we failed to hold above that level and are currently attempting to decline, although the bullish initiative persists. However, the main downtrend is still intact. There is room for further downside movement, as the support around 139.55 is still relevant. Of course, the dollar plays a crucial role here, as it showed significant growth yesterday. It is important to see how we will trade on the American session today, as there is a lot of economic data coming from the United States. Overall, I still have a bearish bias and therefore, if we reach the 143.30 area, I will look to sell, especially considering that the stop loss level will be reasonable.