USD/JPY Supply Signal Into 157.311
Research preview
Opening Read USD/JPY is trading near 157.450 with a active, with the first reaction less important than the retest profile; the immediate question is whether price is building acceptance or merely reacting inside the existing range. Price is trading below the daily pivot at 158.170, which leaves the first read vulnerable unless the pivot is reclaimed. The working support band is 157.311 / 157.224 / 156.996, while the resistance band is 157.570 / 157.666 / 157.754. Daily R1 at 158.782 and S1 at 157.787 define the first tactical range. Internal models have flipped from Sell to Strong Sell for USD/JPY. The shift puts downside continuation in focus, with price near...
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