USD/JPY Intraday Analysis: Potential Decline (READ DESCRIPTION)
USD/JPY Intraday Analysis: Potential Decline of 45 - 95 Pips
Pivot Point:
141.75
Primary Strategy (My Preference):
Consider initiating short positions below the key pivot of 141.75. Downside targets include 140.50 as the initial level, followed by an extended move towards 140.00.
Alternative:
In the event the price moves above 141.75, expect further upside with targets set at 142.30 and 142.70.
Technical Outlook:
A break below 140.50 would likely trigger a further drop towards 140.00. Traders should closely monitor this level for bearish continuation.
Pivot Point:
141.75
Primary Strategy (My Preference):
Consider initiating short positions below the key pivot of 141.75. Downside targets include 140.50 as the initial level, followed by an extended move towards 140.00.
Alternative:
In the event the price moves above 141.75, expect further upside with targets set at 142.30 and 142.70.
Technical Outlook:
A break below 140.50 would likely trigger a further drop towards 140.00. Traders should closely monitor this level for bearish continuation.
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