USD/JPY Intraday: Pivot threshold in sight
USD/JPY (USD/JPY)
-0.092-0.06%
The downside prevails as long as 163.83 is resistance, with 163.16 and 162.99 as targets
Our pivot point is at 163.83.
Our preference: The downside prevails as long as 163.83 is resistance, with 163.16 and 162.99 as targets
Alternative scenario: above 163.83, look for 164.11 and 164.27.
Comment: The asset's price is approaching our pivot level at a critical juncture, leaving little room for the asset to reverse its current trajectory.
Supports and resistances:
164.27 **
164.11 *
163.83 **
163.66 last
163.16
162.99 **
162.83 *
Our preference: The downside prevails as long as 163.83 is resistance, with 163.16 and 162.99 as targets
Alternative scenario: above 163.83, look for 164.11 and 164.27.
Comment: The asset's price is approaching our pivot level at a critical juncture, leaving little room for the asset to reverse its current trajectory.
Supports and resistances:
164.27 **
164.11 *
163.83 **
163.66 last
163.16
162.99 **
162.83 *
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