USD/JPY Intraday: Gains at stake near target
USD/JPY (USD/JPY)+0.501+0.32%
The upside prevails as long as 157.06 is support, with 157.70 and 157.87 as targets

Our pivot point is at 157.06.
Our preference: The upside prevails as long as 157.06 is support, with 157.70 and 157.87 as targets
Alternative scenario: below 157.06, expect 156.78 and 156.62.
Comment: The chart structure suggests the instrument is coiling ahead of a potentially significant move.
Supports and resistances:
158.03 *
157.87 **
157.70
157.58 last
157.06 **
156.78 *
156.62 **
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