USD/JPY Intraday Signal: Watch 156.05
The USD/JPY Intraday Signal reflects downside pressure as price remains capped below the pivot level at 156.05. The immediate structure remains negative, with RSI lacking upward momentum and confirming limited buying strength. As long as price trades beneath 156.05, the bearish bias persists.
Immediate support is located at 155.30. A decisive break below this level would confirm renewed selling pressure and likely accelerate the decline toward the extended downside objective at 155.00. The inability to reclaim the pivot reinforces the short-term bearish structure.
Trade Setup:
Enter: Short below 156.05
Stop-Loss (SL): 156.45
Target A: 155.30
Target B: 155.00