Daily Pivots: (S1) 103.18; (P) 103.25; (R1) 103.32; More.. Break of 102.87 suggests resumption of down trend from 111.71. USD/JPY should target a test on 101.18 low. On the upside, break of 103.89 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery. In the bigger picture, USD/JPY
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.
Daily Pivots: (S1) 103.18; (P) 103.25; (R1) 103.32; More.. Break of 102.87 suggests resumption of down trend from 111.71. USD/JPY should target a test on 101.18 low. On the upside, break of 103.89 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery. In the bigger picture, USD/JPY […]
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.