USD/JPY Intraday: bullish bias above 153.20.
USD/JPY (USD/JPY)
+0.312+0.20%
long positions above 153.20 with targets at 153.90 & 154.15 in extension.
Pivot: 153.20
Our preference: long positions above 153.20 with targets at 153.90 & 154.15 in extension.
Alternative scenario: below 153.20 look for further downside with 152.90 & 152.65 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
154.40
154.15
153.90
153.45 Last
153.20
152.90
152.65
Our preference: long positions above 153.20 with targets at 153.90 & 154.15 in extension.
Alternative scenario: below 153.20 look for further downside with 152.90 & 152.65 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
154.40
154.15
153.90
153.45 Last
153.20
152.90
152.65
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