Trading Strategies

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 104.40; (P) 104.78; (R1) 105.00; More… Intraday bias in USD/JPY is turned neutral with today’s recovery. Overall, with the pair staying below 55 day EMA and falling channel, decline from 111.71 is still in progress. Retest of 103.17 low should be seen first. Nevertheless, on the upside, break of 105.67 will target
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.

Daily Pivots: (S1) 104.40; (P) 104.78; (R1) 105.00; More… Intraday bias in USD/JPY is turned neutral with today’s recovery. Overall, with the pair staying below 55 day EMA and falling channel, decline from 111.71 is still in progress. Retest of 103.17 low should be seen first. Nevertheless, on the upside, break of 105.67 will target […]

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

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