USD/JPY intraday: the upside prevails as long as 149.53 is support
149.53 is our pivot point.
Our preference: the upside prevails as long as 149.53 is support.
Alternative scenario: the downside breakout of 149.53 would call for 149.10 and 148.84.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 149.81 and 149.69).
Supports and resistances:
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