USD/JPY Intraday: under pressure.
USD/JPY (USD/JPY)-1.146-0.74%
short positions below 155.40 with targets at 154.50 & 154.20 in extension.
Pivot: 155.40
Our preference: short positions below 155.40 with targets at 154.50 & 154.20 in extension.
Alternative scenario: above 155.40 look for further upside with 155.90 & 156.30 as targets.
Comment: as long as 155.40 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
156.30
155.90
155.40
154.85 Last
154.50
154.20
153.80
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