USD/JPY Intraday: Gains at stake near target
USD/JPY (USD/JPY)
-0.036-0.02%
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 close to our first target. Reaching this level could trigger a throwback. Conversely, a clear break above it could help drive the asset price higher.
Supports and resistances:
160.24 *
160.09 **
159.94
159.74 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 close to our first target. Reaching this level could trigger a throwback. Conversely, a clear break above it could help drive the asset price higher.
Supports and resistances:
160.24 *
160.09 **
159.94
159.74 last
159.29 **
159.04 *
158.90 **
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