USD/JPY Intraday: bullish bias above 157.40.
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Pivot: 157.40
Our preference: long positions above 157.40 with targets at 158.90 & 159.40 in extension.
Alternative scenario: below 157.40 look for further downside with 156.85 & 156.20 as targets.
Comment: a support base at 157.40 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
159.90
159.40
158.90
157.92 Last
157.40
156.85
156.20
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