USD/JPY Intraday: consolidation.3/27
Short positions below 131.75 with targets at 131.00 & 130.70 in extension.
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Short positions below 131.75 with targets at 131.00 & 130.70 in extension.
Long positions above 1.2260 with targets at 1.2310 & 1.2340 in extension.
Long positions above 1.0775 with targets at 1.0820 & 1.0845 in extension.
Short positions below 103.0500 with targets at 102.7000 & 102.5000 in extension.
The MACD must break above its zero level to trigger further gains.
Our preference: the downside prevails as long as 1.3332 is resistance.
Alternative scenario: the downside breakout of 1.7376 would call for 1.7323 and 1.7291.
Alternative scenario: the downside breakout of 160.99 would call for 160.29 and 159.87.
Alternative scenario: the downside breakout of 0.8767 would call for 0.8744 and 0.8731.
Alternative scenario: the downside breakout of 131.10 would call for 130.53 and 130.19.
Alternative scenario: the downside breakout of 81.19 would call for 80.84 and 80.63.
Alternative scenario: below 1.2231, expect 1.2182 and 1.2153.