USD/JPY Intraday: under pressure

Dec 5, 2024 5:52 AM

short positions below 150.75 with targets at 149.20 & 148.65 in extension.

Pivot: 150.75
Our preference:
short positions below 150.75 with targets at 149.20 & 148.65 in extension.
Alternative scenario:
above 150.75 look for further upside with 151.20 & 151.60 as targets.
Comment:
the RSI is bearish and calls for further downside.
Supports and resistances:
151.60
151.20
150.75
149.90 Last
149.20
148.65
148.00

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