USD/JPY Intraday: bullish bias above 155.50.

Pivot: 155.50

Our preference: long positions above 155.50 with targets at 156.15 & 156.50 in extension.

Alternative scenario: below 155.50 look for further downside with 155.20 & 154.90 as targets.

Comment: a support base at 155.50 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

156.85

156.50

156.15

155.78 Last

155.50

155.20

154.90