USD/JPY Intraday: capped by a negative trend line
Nov 29, 2024 12:14 PM
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
150.05 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
150.05 Last
149.50
148.80
148.30
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Related Instruments
USD/JPY
157.998
0.915
+0.58%