USD/JPY intraday : the downside prevails as long as 148.49 is resistance

Our pivot point is at 148.49.

Our preference: the downside prevails as long as 148.49 is resistance

Alternative scenario: above 148.49, look for 149.06 and 149.40.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 148.54 and 148.75).

Supports and resistances:

149.40 **

149.06 *

148.49 **

148.27

147.81 last

147.06

146.72 **