USD/JPY Daily Outlook

Daily Pivots: (S1) 103.97; (P) 104.29; (R1) 104.50; More… Intraday bias in USD/JPY remains mildly on the downside for retesting 103.17 low. Decisive break there will resume larger decline from 111.71. On the upside, decisive break of 106.10 resistance is needed to indicate bullish reversal. Otherwise, outlook will stay bearish in case of another rebound.
The post USD/JPY Daily Outlook appeared first on Action Forex.

Daily Pivots: (S1) 103.97; (P) 104.29; (R1) 104.50; More… Intraday bias in USD/JPY remains mildly on the downside for retesting 103.17 low. Decisive break there will resume larger decline from 111.71. On the upside, decisive break of 106.10 resistance is needed to indicate bullish reversal. Otherwise, outlook will stay bearish in case of another rebound. […]

The post USD/JPY Daily Outlook appeared first on Action Forex.

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