• USD/JPY Intraday: the upside prevails.

    USD/JPY Intraday: the upside prevails.

     
      Pivot: 108.20

    Most Likely Scenario: long positions above 108.20 with targets @ 109.40 & 109.90 in extension.

    Alternative scenario: below 108.20 look for further downside with 107.40 & 107.00 as targets.

    Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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