USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 104.97; (P) 105.22; (R1) 105.38; More… USD/JPY’s breach of 104.73 minor support argues that rebound from 103.17 might have completed at 105.67, ahead of 106.10 resistance. It’s also back below 55 day EMA, staying well inside near term falling channel. Intraday bias is turned back to the downside for 103.17 low. Break
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.

Daily Pivots: (S1) 104.97; (P) 105.22; (R1) 105.38; More… USD/JPY’s breach of 104.73 minor support argues that rebound from 103.17 might have completed at 105.67, ahead of 106.10 resistance. It’s also back below 55 day EMA, staying well inside near term falling channel. Intraday bias is turned back to the downside for 103.17 low. Break […]

The post USD/JPY Mid-Day Outlook appeared first on Action Forex.

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