USD/JPY intraday: as long as 153.85 is support look for 155
Our pivot point stands at 153.85.
Our preference: as long as 153.85 is support look for 155.
Alternative scenario: the downside breakout of 153.85 would call for 153.42 and 153.17.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 154.17 and 153.82).
Supports and resistances:
155.51 **
155.26 *
155.00 **
154.74
154.21 last
154.02
153.85 **
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