USD/JPY Intraday: Risk escalating
USD/JPY (USD/JPY)+0.188+0.12%
Even if a technical recovery cannot be ruled out, a drop towards 156.38 remains likely as long as 157.59 is resistance

Our pivot point is at 157.59.
Our preference: Even if a technical recovery cannot be ruled out, a drop towards 156.38 remains likely as long as 157.59 is resistance
Alternative scenario: above 157.59, look for 158.01 and 158.25.
Comment: Price is close to our pivot level; this could be the last opportunity for a reversal.
Supports and resistances:
158.25 **
158.01 *
157.59 **
157.46 last
156.63
156.38 **
156.13 *
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