USD/JPY Intraday: the upside prevails as long as 154.06 is support
USD/JPY (USD/JPY)
+0.187+0.12%
the upside prevails as long as 154.06 is support.
154.06 is our pivot point.
Our preference: the upside prevails as long as 154.06 is support.
Alternative scenario: the downside breakout of 154.06 would call for 153.25 and 152.77.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 154.58 and 154.53).
Supports and resistances:
157.21 **
156.73 *
156.25 **
155.77
154.74 last
154.38
154.06 **
153.25 *
152.77 **
Our preference: the upside prevails as long as 154.06 is support.
Alternative scenario: the downside breakout of 154.06 would call for 153.25 and 152.77.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 154.58 and 154.53).
Supports and resistances:
157.21 **
156.73 *
156.25 **
155.77
154.74 last
154.38
154.06 **
153.25 *
152.77 **
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