USD/JPY Intraday: capped by a negative trend line.
USD/JPY (USD/JPY)
+0.022+0.02%
short positions below 147.20 with targets at 146.30 & 145.75 in extension.
Pivot: 147.20
Our preference: short positions below 147.20 with targets at 146.30 & 145.75 in extension.
Alternative scenario: above 147.20 look for further upside with 147.55 & 147.90 as targets.
Comment: the immediate trend remains down but the momentum is weak.
Supports and resistances:
147.90
147.55
147.20
146.85 Last
146.30
145.75
145.20
Our preference: short positions below 147.20 with targets at 146.30 & 145.75 in extension.
Alternative scenario: above 147.20 look for further upside with 147.55 & 147.90 as targets.
Comment: the immediate trend remains down but the momentum is weak.
Supports and resistances:
147.90
147.55
147.20
146.85 Last
146.30
145.75
145.20
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