USD/JPY Intraday: Risk escalating

USD/JPY (USD/JPY)
+0.152+0.10%
Target 158.85
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Our pivot point is at 159.82.

Our preference: Target 158.85

Alternative scenario: above 159.82, look for 160.15 and 160.35.

Comment: The asset price is approaching our pivot level, which represents one of the last opportunities for the asset to reverse its recent trend.

Supports and resistances:
160.35 **
160.15 *
159.82 **
159.62 last
159.05
158.85 **
158.66 *

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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