USD/JPY Intraday: bullish bias above 156.70.
Pivot: 156.70
Our preference: long positions above 156.70 with targets at 157.35 & 157.55 in extension.
Alternative scenario: below 156.70 look for further downside with 156.50 & 156.35 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
157.75
157.55
157.35
157.02 Last
156.70
156.50
156.35
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