USD/JPY intraday: as long as 103.60 is support loo

USD/JPY intraday: as long as 103.60 is support look for 104.46

USDJPY

Trading Central 2021-01-14 04:48:06

103.60 is our pivot point.

Our preference: as long as 103.60 is support look for 104.46.

Alternative scenario: below 103.60, expect 103.29 and 103.10.

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

Supports and resistances:

104.84 **

104.65 *

104.46 **

104.28

103.90 last

103.73

103.60 **

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