Daily Pivots: (S1) 147.65; (P) 147.93; (R1) 148.45; More… Range trading continues in USD/JPY and intraday bias remains neutral. With 145.97 resistance turned support intact, further rally is in favor. As noted before, corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 will resume the rise from there for retesting 151.89/93 […]
USD/JPY’s up trend resumed last week and accelerated to as high as 158.43. Initial bias stay on the upside this week. Next target is 138.2% projection of 140.25 to 150.87 from 146.47 at 161.14. On the downside, below 156.81 minor support will turn intraday bias neutral and bring consolidations first. In the bigger picture, current […]
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