USD/JPY intraday: the upside prevails as long as 149.65 is support
Our pivot point stands at 149.65.
Our preference: the upside prevails as long as 149.65 is support.
Alternative scenario: below 149.65, expect 149.21 and 148.96.
Comment: the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 149.94 and 149.90).
Supports and resistances:
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