Daily Pivots: (S1) 103.61; (P) 103.81; (R1) 104.08; More.. Intraday bias in USD/JPY is turned neutral as it recovered after touching 4 hour 55 EMA. On the upside, sustained break of the channel resistance will argue that the down trend from 111.71 has finally completed. Stronger rise would be seen to 105.67 resistance for confirmation.
The post USD/JPY Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 103.61; (P) 103.81; (R1) 104.08; More.. Intraday bias in USD/JPY is turned neutral as it recovered after touching 4 hour 55 EMA. On the upside, sustained break of the channel resistance will argue that the down trend from 111.71 has finally completed. Stronger rise would be seen to 105.67 resistance for confirmation. […]
The post USD/JPY Daily Outlook appeared first on Action Forex.