USDJPY 4H Chart : Under Pressure.
Pivot: 116.30
Preference: short positions below 116.30 with targets at 111.50 & 109.75 in extension.
Alternative scenario: above 116.30 look for further upside with 118.50 & 121.75 as targets.
Comment: the RSI lacks upward momentum. Stochastic Oscillator across 80 area.
Supports and resistances:
121.75 **
118.50 ***
116.30 ***
113.81 Last
111.50 ***
109.75 **
107.40 ***
Preference: short positions below 116.30 with targets at 111.50 & 109.75 in extension.
Alternative scenario: above 116.30 look for further upside with 118.50 & 121.75 as targets.
Comment: the RSI lacks upward momentum. Stochastic Oscillator across 80 area.
Supports and resistances:
121.75 **
118.50 ***
116.30 ***
113.81 Last
111.50 ***
109.75 **
107.40 ***
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.