Daily Pivots: (S1) 106.04; (P) 106.36; (R1) 106.88; More.. Intraday bias in USD/JPY remains mildly on the upside at this point. Current rise form 102.58 should target 61.8% retracement of 111.71 to 102.58 at 108.22. Sustained break there will raise the chance of larger bullish reversal, and target 111.71 resistance. On the downside, below 105.84
The post USD/JPY Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 106.04; (P) 106.36; (R1) 106.88; More.. Intraday bias in USD/JPY remains mildly on the upside at this point. Current rise form 102.58 should target 61.8% retracement of 111.71 to 102.58 at 108.22. Sustained break there will raise the chance of larger bullish reversal, and target 111.71 resistance. On the downside, below 105.84 […]
The post USD/JPY Daily Outlook appeared first on Action Forex.