Daily Pivots: (S1) 149.24; (P) 149.97; (R1) 150.74; More… Intraday bias in USD/JPY stays neutral for the moment. On the upside, decisive break of 150.87 will resume whole rally from 140.25 to retest 151.89/93 key resistance zone. On the other hand, considering bearish divergence condition in 4H MACD, firm break of 149.20 will confirm short […]
Daily Pivots: (S1) 145.85; (P) 146.48; (R1) 147.07; More… USD/JPY’s strong rebound today maintains its near term bullishness. Focus is turning to 148.79 resistance. Firm break there will confirm that correction has completed at 145.88, and rise from 140.25 would then resume to 151.89/93 key resistance zone. In case of retreat, further rally will now […]
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.
Share
