USD/JPY Intraday: bullish bias above 103.70.

USDJPY

Trading Central 2021-01-14 07:52:05

Pivot: 103.70

Our preference: long positions above 103.70 with targets at 104.10 & 104.25 in extension.

Alternative scenario: below 103.70 look for further downside with 103.50 & 103.25 as targets.

Comment: a support base at 103.70 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

104.40

104.25

104.10

103.81 Last

103.70

103.50

103.25

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