Daily Pivots: (S1) 105.23; (P) 105.50; (R1) 105.66; More.. Intraday bias in USD/JPY remains neutral for some consolidations first. Downside of retreat should be contained above 104.39 resistance turned support to bring another rally. On the upside, break of 105.76 will resume the rebound from 102.58, for 38.2% retracement of 111.71 to 102.58 at 106.06.
The post USD/JPY Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 105.23; (P) 105.50; (R1) 105.66; More.. Intraday bias in USD/JPY remains neutral for some consolidations first. Downside of retreat should be contained above 104.39 resistance turned support to bring another rally. On the upside, break of 105.76 will resume the rebound from 102.58, for 38.2% retracement of 111.71 to 102.58 at 106.06. […]
The post USD/JPY Daily Outlook appeared first on Action Forex.