USD/JPY Intraday: 158.04 expected
USD/JPY (USD/JPY)
+0.574+0.37%
The upside prevails as long as 157.35 is support, with 158.04 and 158.21 as targets
Our pivot point is at 157.35.
Our preference: The upside prevails as long as 157.35 is support, with 158.04 and 158.21 as targets
Alternative scenario: below 157.35, expect 157.08 and 156.91.
Comment: The MACD is below its signal line and positive. The price is below its 20 period moving average (157.67) but above its 50 period moving average (157.41).
Supports and resistances:
158.37 *
158.21 **
158.04
157.55 last
157.35 **
157.08 *
156.91 **
Our preference: The upside prevails as long as 157.35 is support, with 158.04 and 158.21 as targets
Alternative scenario: below 157.35, expect 157.08 and 156.91.
Comment: The MACD is below its signal line and positive. The price is below its 20 period moving average (157.67) but above its 50 period moving average (157.41).
Supports and resistances:
158.37 *
158.21 **
158.04
157.55 last
157.35 **
157.08 *
156.91 **
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