Daily Pivots: (S1) 105.34; (P) 105.55; (R1) 105.70; More… USD/JPY’s strong break of 104.94 support suggests that rebound from 104.00 has completed with three waves up to 106.10. That came after rejection by falling 55 day EMA. The development argues that larger fall from 111.71 is not completed, and it might be resuming. Intraday bias
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.
Daily Pivots: (S1) 105.34; (P) 105.55; (R1) 105.70; More… USD/JPY’s strong break of 104.94 support suggests that rebound from 104.00 has completed with three waves up to 106.10. That came after rejection by falling 55 day EMA. The development argues that larger fall from 111.71 is not completed, and it might be resuming. Intraday bias […]
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.