Daily Pivots: (S1) 103.89; (P) 104.15; (R1) 104.48; More.. USD/JPY’s rise from 102.58 is still in progress with focus on channel resistance, (now at 104.37). Sustained break there will argue that the down trend from 111.71 has finally completed. Stronger rise would be seen to 105.67 resistance for confirmation. Nevertheless, rejection by the channel resistance
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.
Daily Pivots: (S1) 103.89; (P) 104.15; (R1) 104.48; More.. USD/JPY’s rise from 102.58 is still in progress with focus on channel resistance, (now at 104.37). Sustained break there will argue that the down trend from 111.71 has finally completed. Stronger rise would be seen to 105.67 resistance for confirmation. Nevertheless, rejection by the channel resistance […]
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.