USD/JPY intraday: rebound towards 145.34
Our pivot point is at 143.70.
Our preference: rebound towards 145.34.
Alternative scenario: the downside breakout of 143.70 would call for 143.07 and 142.70.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (144.20) but below its 50 period moving average (144.37).
Supports and resistances:
146.09 **
145.71 *
145.34 **
144.97
144.20 last
143.94
143.70 **
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