USD/JPY Intraday: Watching for a Trigger Above Resistance
USD/JPY (USD/JPY)
+1.181+0.75%
The upside prevails as long as 158.26 is support, with 159.03 and 159.21 as targets
Our pivot point is at 158.26.
Our preference: The upside prevails as long as 158.26 is support, with 159.03 and 159.21 as targets
Alternative scenario: below 158.26, expect 157.96 and 157.78.
Comment: With prices now approaching our initial target, this level may prompt a throwback. That said, a decisive break above it could also act as a catalyst for further upside.
Supports and resistances:
159.38 *
159.21 **
159.03
158.79 last
158.26 **
157.96 *
157.78 **
Our preference: The upside prevails as long as 158.26 is support, with 159.03 and 159.21 as targets
Alternative scenario: below 158.26, expect 157.96 and 157.78.
Comment: With prices now approaching our initial target, this level may prompt a throwback. That said, a decisive break above it could also act as a catalyst for further upside.
Supports and resistances:
159.38 *
159.21 **
159.03
158.79 last
158.26 **
157.96 *
157.78 **
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