USD/JPY Intraday: Gains at stake near target
USD/JPY (USD/JPY)
+0.237+0.15%
The upside prevails as long as 158.67 is support, with 159.43 and 159.62 as targets
Our pivot point is at 158.67.
Our preference: The upside prevails as long as 158.67 is support, with 159.43 and 159.62 as targets
Alternative scenario: below 158.67, expect 158.34 and 158.15.
Comment: Prices are now closing in on our first target. Should this level hold, a throwback is likely to emerge; however, a convincing break above it could open the door to additional upside.
Supports and resistances:
159.82 *
159.62 **
159.43
159.26 last
158.67 **
158.34 *
158.15 **
Our preference: The upside prevails as long as 158.67 is support, with 159.43 and 159.62 as targets
Alternative scenario: below 158.67, expect 158.34 and 158.15.
Comment: Prices are now closing in on our first target. Should this level hold, a throwback is likely to emerge; however, a convincing break above it could open the door to additional upside.
Supports and resistances:
159.82 *
159.62 **
159.43
159.26 last
158.67 **
158.34 *
158.15 **
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