USD/JPY Intraday: the downside prevails
Nov 29, 2024 10:39 AM
short positions below 151.00 with targets at 149.50 & 148.80 in extension.
Pivot: 151.00
Our preference:
short positions below 151.00 with targets at 149.50 & 148.80 in extension.
Alternative scenario:
above 151.00 look for further upside with 151.60 & 151.95 as targets.
Comment:
as long as the resistance at 151.00 is not surpassed, the risk of the break below 149.50 remains high.
Supports and resistances:
151.95
151.60
151.00
150.23 Last
149.50
148.80
148.30
Our preference:
short positions below 151.00 with targets at 149.50 & 148.80 in extension.
Alternative scenario:
above 151.00 look for further upside with 151.60 & 151.95 as targets.
Comment:
as long as the resistance at 151.00 is not surpassed, the risk of the break below 149.50 remains high.
Supports and resistances:
151.95
151.60
151.00
150.23 Last
149.50
148.80
148.30
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
Related Instruments
USD/JPY
157.646
0.563
+0.36%