USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 103.56; (P) 103.88; (R1) 104.12; More… USD/JPY is losing some downside momentum as seen in 4 hour MACD. But further decline should be see with 104.56 minor resistance intact, to retest 103.17 low. Decisive break there will resume larger decline from 111.71. However, break of 104.56 will turn bias back to the
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.

Daily Pivots: (S1) 103.56; (P) 103.88; (R1) 104.12; More… USD/JPY is losing some downside momentum as seen in 4 hour MACD. But further decline should be see with 104.56 minor resistance intact, to retest 103.17 low. Decisive break there will resume larger decline from 111.71. However, break of 104.56 will turn bias back to the […]

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

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