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USD/JPY intraday: the downside prevails as long as 150.43 is resistance
2024-03-04
791
Our pivot point stands at 150.43.
Our preference: the downside prevails as long as 150.43 is resistance.
Alternative scenario: the upside breakout of 150.43, would call for 150.78 and 150.99.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 150.29 and 150.30).
Supports and resistances:
150.99 **
150.78 *
150.43 **
150.29
150.15 last
149.70
149.49 **
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