USD/JPY Intraday: consolidation.

USD/JPY Intraday: consolidation.
Pivot: 110.55

Most likely scenario: short positions below 110.55 with targets at 110.25 & 110.10 in extension.

Alternative scenario: above 110.55 look for further upside with 110.80 & 111.10 as targets.

Comment: the upward potential is likely to be limited by the resistance at 110.55.

Leave a Reply