USD/JPY Daily Outlook

Daily Pivots: (S1) 104.06; (P) 104.26; (R1) 104.45; More.. USD/JPY’s break of 104.39 resistance suggests resumption rise from 102.58 short term bottom. More importantly, current development argues that whole down trend from 111.71 has completed, on bullish convergence condition in daily MACD. Intraday bias stays on the upside for 38.2% retracement of 111.71 to 102.58
The post USD/JPY Daily Outlook appeared first on Action Forex.

Daily Pivots: (S1) 104.06; (P) 104.26; (R1) 104.45; More.. USD/JPY’s break of 104.39 resistance suggests resumption rise from 102.58 short term bottom. More importantly, current development argues that whole down trend from 111.71 has completed, on bullish convergence condition in daily MACD. Intraday bias stays on the upside for 38.2% retracement of 111.71 to 102.58 […]

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

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