USD/JPY Intraday: Aim at 157.20
USD/JPY (USD/JPY)
+0.308+0.20%
Even if a technical recovery cannot be ruled out, a drop towards 156.94 remains likely as long as 158.20 is resistance
Our pivot point is at 158.20.
Our preference: Even if a technical recovery cannot be ruled out, a drop towards 156.94 remains likely as long as 158.20 is resistance
Alternative scenario: above 158.20, look for 158.64 and 158.90.
Comment: The next move hinges on a break of support or resistance level.
Supports and resistances:
158.90 **
158.64 *
158.20 **
157.72 last
157.20
156.94 **
156.68 *
Our preference: Even if a technical recovery cannot be ruled out, a drop towards 156.94 remains likely as long as 158.20 is resistance
Alternative scenario: above 158.20, look for 158.64 and 158.90.
Comment: The next move hinges on a break of support or resistance level.
Supports and resistances:
158.90 **
158.64 *
158.20 **
157.72 last
157.20
156.94 **
156.68 *
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