USD/JPY Intraday: the downside prevails
Jan 17, 2025 12:10 PM
short positions below 156.15 with targets at 155.00 & 154.50 in extension.
Pivot: 156.15
Our preference:
short positions below 156.15 with targets at 155.00 & 154.50 in extension.
Alternative scenario:
above 156.15 look for further upside with 156.70 & 157.05 as targets.
Comment:
as long as 156.15 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
157.05
156.70
156.15
155.68 Last
155.00
154.50
154.00
Our preference:
short positions below 156.15 with targets at 155.00 & 154.50 in extension.
Alternative scenario:
above 156.15 look for further upside with 156.70 & 157.05 as targets.
Comment:
as long as 156.15 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
157.05
156.70
156.15
155.68 Last
155.00
154.50
154.00
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Related Instruments
USD/JPY
156.236
1.156
+0.75%