Our pivot point is at 157.22.
Our preference: as long as 157.22 is support look for 158.44
Alternative scenario: below 157.22, expect 156.81 and 156.56.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 157.42 and 156.62). Finally, the USD/JPY is trading above its upper Bollinger band (standing at 157.68).
Supports and resistances:
158.94 **
158.69 *
158.44 **
158.19
157.70 last
157.39
157.22 **
156.81 *
156.56 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-20-2025 at 04:03 UTC+1
Price reference: 157.70 last known on 12-20-2025 at 04:03 UTC+1
Investment horizon: INTRADAY
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