USD/JPY Intraday: watch 156.00.

USD/JPY (USD/JPY)
+0.391+0.25%
short positions below 157.15 with targets at 156.00 & 155.65 in extension.
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Pivot: 157.15

Our preference: short positions below 157.15 with targets at 156.00 & 155.65 in extension.

Alternative scenario: above 157.15 look for further upside with 157.50 & 157.85 as targets.

Comment: as long as 157.15 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:
157.85
157.50
157.15
156.58 Last
156.00
155.65
155.30

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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