USD/JPY may fall 61 - 101 pips
BY Trading Central
|August 8, 2024Intraday: the downside prevails.
Pivot
146.90
Our preference
Short positions below 146.90 with targets at 145.40 & 145.00 in extension.
Alternative scenario
Above 146.90 look for further upside with 147.30 & 147.90 as targets.
Comment
As long as the resistance at 146.90 is not surpassed, the risk of the break below 145.40 remains high.
Supports and resistances
147.90
147.30
146.90
146.01 Last
145.40
145.00
144.20
Number of asterisks represents the strength of support and resistance levels.
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