USD/JPY Intraday: Decline at a crossroads
USD/JPY (USD/JPY)
-3.361-2.12%
The downside prevails as long as 157.35 is resistance, with 156.01 and 155.82 as targets
Our pivot point is at 157.35.
Our preference: The downside prevails as long as 157.35 is resistance, with 156.01 and 155.82 as targets
Alternative scenario: above 157.35, look for 157.66 and 157.85.
Comment: Prices are now within reach of our first target, a level that could trigger a pullback. On the flip side, a decisive break below it may extend the current decline.
Supports and resistances:
157.85 **
157.66 *
157.35 **
156.32 last
156.01
155.82 **
155.63 *
Our preference: The downside prevails as long as 157.35 is resistance, with 156.01 and 155.82 as targets
Alternative scenario: above 157.35, look for 157.66 and 157.85.
Comment: Prices are now within reach of our first target, a level that could trigger a pullback. On the flip side, a decisive break below it may extend the current decline.
Supports and resistances:
157.85 **
157.66 *
157.35 **
156.32 last
156.01
155.82 **
155.63 *
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