Trading Strategies

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 103.82; (P) 104.06; (R1) 104.28; More.. USD/JPY’s breach of 103.65 support suggests resumption of fall from 105.67. Intraday bias is back on the downside for 103.17 first. Break there will resume whole decline from 111.71 towards 101.18 low. For now, break of 104.57 resistance is needed to indicate short term bottoming. Otherwise,
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.

Daily Pivots: (S1) 103.82; (P) 104.06; (R1) 104.28; More.. USD/JPY’s breach of 103.65 support suggests resumption of fall from 105.67. Intraday bias is back on the downside for 103.17 first. Break there will resume whole decline from 111.71 towards 101.18 low. For now, break of 104.57 resistance is needed to indicate short term bottoming. Otherwise, […]

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

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