USD/JPY Intraday: Rebound As Long As Price Stays Above 106.25

USD/JPY Intraday: rebound.

USD/JPY 30min Chart

USD/JPY 30min Chart

Pivot: 106.25

Our preference: long positions above 106.25 with targets at 107.00 & 107.30 in extension.

Alternative scenario: below 106.25 look for further downside with 105.90 & 105.45 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

107.60 107.30 107.00

106.65 Last seen

106.25 105.90 105.45

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