Daily Pivots: (S1) 103.69; (P) 103.89; (R1) 104.17; More.. Intraday bias in USD/JPY remains on the upside at this point. Rebound from 102.58 short term bottoming is targeting channel resistance, (now at 104.42). Sustained break there will argue that the down trend from 111.71 has finally completed. Stronger rise would be seen to 105.67 resistance
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.
Daily Pivots: (S1) 103.69; (P) 103.89; (R1) 104.17; More.. Intraday bias in USD/JPY remains on the upside at this point. Rebound from 102.58 short term bottoming is targeting channel resistance, (now at 104.42). Sustained break there will argue that the down trend from 111.71 has finally completed. Stronger rise would be seen to 105.67 resistance […]
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.