Daily Pivots: (S1) 105.07; (P) 105.37; (R1) 105.74; More… Intraday bias in USD/JPY is turned neutral as it loses momentum ahead of 106.10 resistance. But further rise is still in favor with 104.73 minor support intact. Firm break of 106.10 resistance should confirm completion of fall from 111.71, and turn outlook bullish for further rally.
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.
Daily Pivots: (S1) 105.07; (P) 105.37; (R1) 105.74; More… Intraday bias in USD/JPY is turned neutral as it loses momentum ahead of 106.10 resistance. But further rise is still in favor with 104.73 minor support intact. Firm break of 106.10 resistance should confirm completion of fall from 111.71, and turn outlook bullish for further rally. […]
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.