USD/JPY may rise 11 - 31 pips
BY Trading Central
|July 11, 2024Intraday: bullish bias above 161.45.
Pivot
161.45
Our preference
Long positions above 161.45 with targets at 161.80 & 162.00 in extension.
Alternative scenario
Below 161.45 look for further downside with 161.25 & 161.00 as targets.
Comment
A support base at 161.45 has formed and has allowed for a temporary stabilisation.
Supports and resistances
162.40
162.00
161.80
161.69 Last
161.45
161.25
161.00
Number of asterisks represents the strength of support and resistance levels.
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