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USD/JPY intraday: under pressure below 146.03
2024-01-11
980
Our pivot point is at 146.03.
Our preference: under pressure below 146.03.
Alternative scenario: the upside breakout of 146.03, would call for 146.72 and 147.13.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 145.72 and 145.60).
Supports and resistances:
147.13 **
146.72 *
146.03 **
145.76
145.40 last
144.56
144.16 **
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