USD/JPY Intraday: the upside prevails as long as 156.69 is support
USD/JPY (USD/JPY)
+0.224+0.14%
the upside prevails as long as 156.69 is support.
Our pivot point is at 156.69.
Our preference: the upside prevails as long as 156.69 is support.
Alternative scenario: below 156.69, expect 156.02 and 155.63.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 157.20 and 157.15).
Supports and resistances:
159.27 **
158.87 *
158.47 **
158.08
157.28 last
156.95
156.69 **
156.02 *
155.63 **
Our preference: the upside prevails as long as 156.69 is support.
Alternative scenario: below 156.69, expect 156.02 and 155.63.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 157.20 and 157.15).
Supports and resistances:
159.27 **
158.87 *
158.47 **
158.08
157.28 last
156.95
156.69 **
156.02 *
155.63 **
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