USD/JPY may fall 89 - 164 pips
BY Trading Central
|August 26, 2024Intraday: key resistance at 144.70.
Pivot
144.70
Our preference
Short positions below 144.70 with targets at 143.15 & 142.40 in extension.
Alternative scenario
Above 144.70 look for further upside with 145.35 & 145.90 as targets.
Comment
As long as the resistance at 144.70 is not surpassed, the risk of the break below 143.15 remains high.
Supports and resistances
145.90
145.35
144.70
144.04 Last
143.15
142.40
141.70
Number of asterisks represents the strength of support and resistance levels.
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