USD/JPY Short Term: Pivot threshold in sight
USD/JPY (USD/JPY)
-0.168-0.11%
The downside prevails as long as 160.17 is resistance, with 154.42 and 153.21 as targets
Our pivot point is at 160.17.
Our preference: The downside prevails as long as 160.17 is resistance, with 154.42 and 153.21 as targets
Alternative scenario: above 160.17, look for 162.21 and 163.43.
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:
163.43 **
162.21 *
160.17 **
159.30 last
154.42
153.21 **
152.01 *
Our preference: The downside prevails as long as 160.17 is resistance, with 154.42 and 153.21 as targets
Alternative scenario: above 160.17, look for 162.21 and 163.43.
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:
163.43 **
162.21 *
160.17 **
159.30 last
154.42
153.21 **
152.01 *
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