USD/JPY Intraday: Key resistance level approaches
USD/JPY (USD/JPY)
-0.166-0.10%
As long as 159.29 is support, look for 160.09
Our pivot point is at 159.29.
Our preference: As long as 159.29 is support, look for 160.09
Alternative scenario: below 159.29, expect 159.04 and 158.90.
Comment: Prices are now closing in on our first target. Should this level hold, a throwback is likely to emerge; however, a convincing break above it could open the door to additional upside.
Supports and resistances:
160.24 *
160.09 **
159.94
159.75 last
159.29 **
159.04 *
158.90 **
Our preference: As long as 159.29 is support, look for 160.09
Alternative scenario: below 159.29, expect 159.04 and 158.90.
Comment: Prices are now closing in on our first target. Should this level hold, a throwback is likely to emerge; however, a convincing break above it could open the door to additional upside.
Supports and resistances:
160.24 *
160.09 **
159.94
159.75 last
159.29 **
159.04 *
158.90 **
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