USD/JPY Intraday: Pivotal moment

USD/JPY (USD/JPY)
+0.016+0.01%
The upside prevails as long as 163.73 is support, with 164.24 and 164.37 as targets
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Our pivot point is at 163.73.

Our preference: The upside prevails as long as 163.73 is support, with 164.24 and 164.37 as targets

Alternative scenario: below 163.73, expect 163.51 and 163.39.

Comment: The asset price is approaching our pivot level, which represents one of the last opportunities for the asset to reverse its recent trend.

Supports and resistances:
164.50 *
164.37 **
164.24
163.87 last
163.73 **
163.51 *
163.39 **

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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