USD/JPY intraday: under pressure below 149.25
Our pivot point is at 149.25.
Our preference: under pressure below 149.25.
Alternative scenario: the upside breakout of 149.25, would call for 149.69 and 149.96.
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 148.88 and 148.88).
Supports and resistances:
149.96 **
149.69 *
149.25 **
149.07
148.87 last
148.33
148.06 **
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