USD/JPY Intraday: Risk escalating

USD/JPY (USD/JPY)
+0.162+0.10%
In spite of the current correction, a rebound near 157.64 is expected as long as 156.62 is still intact
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Our pivot point is at 156.62.

Our preference: In spite of the current correction, a rebound near 157.64 is expected as long as 156.62 is still intact

Alternative scenario: below 156.62, expect 156.28 and 156.08.

Comment: Price is almost testing our pivot level; this may be the last chance for a reversal.

Supports and resistances:
157.84 *
157.64 **
157.44
156.81 last
156.62 **
156.28 *
156.08 **

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