USD/JPY Intraday: On the edge of pivot level
USD/JPY (USD/JPY)
+0.213+0.13%
The downside prevails as long as 159.57 is resistance, with 158.27 and 158.09 as targets
Our pivot point is at 159.57.
Our preference: The downside prevails as long as 159.57 is resistance, with 158.27 and 158.09 as targets
Alternative scenario: above 159.57, look for 159.86 and 160.04.
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:
160.04 **
159.86 *
159.57 **
159.25 last
158.27
158.09 **
157.92 *
Our preference: The downside prevails as long as 159.57 is resistance, with 158.27 and 158.09 as targets
Alternative scenario: above 159.57, look for 159.86 and 160.04.
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:
160.04 **
159.86 *
159.57 **
159.25 last
158.27
158.09 **
157.92 *
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