Pick of the Day 04 May 2022 USDJPY

　　

USDJPY Intraday: the bias remains bullish.

Pivot Level: 129.95

Our preference:
Long positions above 129.95 with targets at 130.25 & 130.40 in extension.

Alternative scenario:
Below 129.95 look for further downside with 129.75 & 129.60 as targets.

Comment:
The next resistances are at 130.25 and then at 130.40.

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