USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 103.73; (P) 103.96; (R1) 104.34; More.. The break of channel resistance is already a sign that down trend from 111.71 has completed. Focus remains on 104.39 resistance. Decisive break there should confirm and bring stronger rise to 38.2% retracement of 111.71 to 102.58 at 106.06. On the downside, however, break of 103.31
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.

Daily Pivots: (S1) 103.73; (P) 103.96; (R1) 104.34; More.. The break of channel resistance is already a sign that down trend from 111.71 has completed. Focus remains on 104.39 resistance. Decisive break there should confirm and bring stronger rise to 38.2% retracement of 111.71 to 102.58 at 106.06. On the downside, however, break of 103.31 […]

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