USD/JPY Intraday: the downside prevails as long as 154.20 is resistance
USD/JPY (USD/JPY)
-1.170-0.82%
the downside prevails as long as 154.20 is resistance.
Our pivot point is at 154.20.
Our preference: the downside prevails as long as 154.20 is resistance.
Alternative scenario: the upside breakout of 154.20, would call for 154.76 and 155.09.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 153.98 and 153.89).
Supports and resistances:
155.09 **
154.76 *
154.20 **
153.98
153.74 last
153.00
152.67 **
152.34 *
152.00 **
Our preference: the downside prevails as long as 154.20 is resistance.
Alternative scenario: the upside breakout of 154.20, would call for 154.76 and 155.09.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 153.98 and 153.89).
Supports and resistances:
155.09 **
154.76 *
154.20 **
153.98
153.74 last
153.00
152.67 **
152.34 *
152.00 **
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