USD/JPY Intraday: break of a ST rising trendline support.
Pivot: 114.15
Our preference: short positions below 114.15 with targets at 113.60 & 113.30 in extension.
Alternative scenario: above 114.15 look for further upside with 114.40 & 114.70 as targets.
Comment: the RSI has just broken below a rising trend line. Prices broke below a rising channel.
Supports and resistances:
114.70
114.40
114.15
113.79 Last
113.60
113.30
112.95
Our preference: short positions below 114.15 with targets at 113.60 & 113.30 in extension.
Alternative scenario: above 114.15 look for further upside with 114.40 & 114.70 as targets.
Comment: the RSI has just broken below a rising trend line. Prices broke below a rising channel.
Supports and resistances:
114.70
114.40
114.15
113.79 Last
113.60
113.30
112.95