USD/JPY intraday: above its upper Bollinger band
Our pivot point stands at 149.62.
Our preference: the upside prevails as long as 149.62 is support.
Alternative scenario: below 149.62, expect 149.19 and 148.93.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 149.93 and 149.89). Finally, the USD/JPY is trading above its upper Bollinger band (standing at 149.99).
Supports and resistances:
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