USD/JPY Intraday: bullish bias above 130.30.
Long positions above 130.30 with targets at 131.60 & 132.00 in extension.
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Long positions above 130.30 with targets at 131.60 & 132.00 in extension.
Alternative scenario: the downside breakout of 1.8365 would call for 1.8310 and 1.8277.
Alternative scenario: the downside breakout of 1.6739 would call for 1.6672 and 1.6632.
The configuration is negative.
Alternative scenario: above 1.438, look for 1.441 and 1.443.
Long positions above 1.0740 with targets at 1.0800 & 1.0820 in extension.
Alternative scenario: the upside breakout of 1.7396 would call for 1.7449 and 1.7481.
Our preference: the downside prevails as long as 0.9909 is resistance.
Short positions below 0.9205 with targets at 0.9170 & 0.9150 in extension.
Short positions below 103.3000 with targets at 102.8300 & 102.6500 in extension.
Short positions below 1.3755 with targets at 1.3700 & 1.3685 in extension.
Short positions below 0.9205 with targets at 0.9170 & 0.9150 in extension.