USD/JPY intraday: as long as 103.62 is support loo

USD/JPY intraday: as long as 103.62 is support look for 104.46

USDJPY

Trading Central 2021-01-14 03:09:05

Our pivot point is at 103.62.

Our preference: as long as 103.62 is support look for 104.46.

Alternative scenario: the downside breakout of 103.62 would call for 103.31 and 103.12.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (103.89) but above its 50 period moving average (103.78).

Supports and resistances:

104.83 **

104.65 *

104.46 **

104.27

103.89 last

103.75

103.62 **

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