USD/JPY Intraday: under pressure

Nov 7, 2024 12:07 PM

short positions below 154.25 with targets at 153.35 & 152.80 in extension.

Pivot: 154.25
Our preference:
short positions below 154.25 with targets at 153.35 & 152.80 in extension.
Alternative scenario:
above 154.25 look for further upside with 154.65 & 155.00 as targets.
Comment:
the break below 154.25 is a negative signal that has opened a path to 153.35.
Supports and resistances:
155.00
154.65
154.25
154.07 Last
153.35
152.80
152.30

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