USD/JPY Intraday: bullish bias above 150.00
Dec 5, 2024 3:40 AM
long positions above 150.00 with targets at 150.75 & 151.20 in extension.
Pivot: 150.00
Our preference:
long positions above 150.00 with targets at 150.75 & 151.20 in extension.
Alternative scenario:
below 150.00 look for further downside with 149.60 & 149.20 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
151.60
151.20
150.75
150.21 Last
150.00
149.60
149.20
Our preference:
long positions above 150.00 with targets at 150.75 & 151.20 in extension.
Alternative scenario:
below 150.00 look for further downside with 149.60 & 149.20 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
151.60
151.20
150.75
150.21 Last
150.00
149.60
149.20
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Related Instruments
USD/JPY
157.741
-0.214
-0.14%